Sec. 1151.151. DUTY OF CARE. (a) The guardian of the estate shall take care of and manage the estate as a prudent person would manage the person's own property, except as otherwise provided by this title.
(b) The guardian of the estate shall account for all rents, profits, and revenues that the estate would have produced by prudent management as required by Subsection (a).
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Structure Texas Statutes
Title 3 - Guardianship and Related Procedures
Subtitle E - Administration of Guardianship
Chapter 1151 - Rights, Powers, and Duties Under Guardianship
Subchapter D. Possession and Care of Ward's Property by Guardian of the Estate
Section 1151.151. Duty of Care
Section 1151.152. Possession of Personal Property and Records
Section 1151.153. Possession of Property Held in Common Ownership
Section 1151.154. Administration of Partnership Interest
Section 1151.155. Operation or Rental of Farm, Ranch, Factory, or Other Business