Sec. 1159.003. ESTATE PROPERTY RENTED ON CREDIT. (a) Possession of estate property rented on credit may not be delivered until the renter executes and delivers to the guardian of the estate a note with good personal security for the amount of the rent. If the property is delivered without the guardian receiving the required security, the guardian and the sureties on the guardian's bond are liable for the full amount of the rent.
(b) Subsection (a) does not apply to a rental that is paid in installments in advance of the period to which the installments relate.
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 1159 - Renting Estate Property
Subchapter A. Rental and Return of Estate Property
Section 1159.001. Renting Estate Property Without Court Order
Section 1159.002. Renting Estate Property With Court Order
Section 1159.003. Estate Property Rented on Credit