Sec. 1301.153. INVESTMENT IN TEXAS TOMORROW FUND. The trustee of a management trust may invest trust funds in the Texas tomorrow fund established by Subchapter F, Chapter 54, Education Code, if the trustee determines that investment is in the best interest of the ward or incapacitated person for whom the trust is created.
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 H - Court-Authorized Trusts and Accounts
Chapter 1301 - Management Trusts
Subchapter D. Administration of Management Trusts
Section 1301.151. Jurisdiction Over Trust Matters
Section 1301.152. Court's Authority to Discharge Guardian of Estate
Section 1301.153. Investment in Texas Tomorrow Fund
Section 1301.1535. Initial Accounting by Certain Trustees Required
Section 1301.154. Annual Accounting
Section 1301.155. Appointment of Successor Trustee
Section 1301.156. Liability of Certain Persons for Conduct of Trustee