Sec. 1161.005. MODIFICATION OR ELIMINATION OF DUTY OR STANDARD. On a showing by clear and convincing evidence that the action is in the best interests of the ward and the ward's estate, the court may modify or eliminate:
(1) the duty of the guardian of the estate to keep the estate invested; or
(2) the standard required by Section 1161.002(a) with regard to investments of estate assets.
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 1161 - Investments and Loans of Estates of Wards
Subchapter A. General Provisions
Section 1161.001. Guardian's Duty to Keep Estate Invested
Section 1161.002. Standard for Management and Investment of Estate
Section 1161.003. Investments That Meet Standard for Investment
Section 1161.004. Restrictions on Investment in Certain Bonds
Section 1161.005. Modification or Elimination of Duty or Standard
Section 1161.006. Retention of Certain Assets
Section 1161.007. Hearing to Protect Estate
Section 1161.008. Liability of Guardian and Guardian's Surety