Sec. 1159.004. CONDITION OF RETURNED ESTATE PROPERTY. (a) Estate property that is rented must be returned to the estate's possession in as good a condition, except for reasonable wear and tear, as when the property was rented.
(b) The guardian of the estate shall:
(1) ensure that rented estate property is returned in the condition required by Subsection (a);
(2) report to the court any damage to, or loss or destruction of, estate property rented under this chapter; and
(3) ask the court for the authority to take any necessary action.
(c) A guardian who fails to act as required by this section and the sureties on the guardian's bond are liable to the estate for any loss or damage suffered as a result of the guardian's failure.
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