Tex. Civil Practice and Remedies Code § 64.034
INVESTMENTS, LOANS, AND CONTRIBUTIONS OF FUNDS
Texas · Texas Civil Practice and Remedies Code · Status: effective
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- Citation
- Tex. Civil Practice and Remedies Code § 64.034, INVESTMENTS, LOANS, AND CONTRIBUTIONS OF FUNDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/632550
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Full text
(a) Except as provided by Subsection (b), on an order of the court to which all parties consent, a receiver may invest for interest any funds that he holds.
(b) A receiver appointed for a missing person under Section 64.001(d) who has on hand an amount of money belonging to the missing person in excess of the amount needed for current necessities and expenses may, on order of the court, invest, lend, or contribute all or a part of the excess amount in the manner provided by Chapter 1161, Estates Code, for investments, loans, or contributions by guardians. The receiver shall report to the court all transactions involving the excess amount in the manner that reports are required of guardians.