Sec. 1301.154. ANNUAL ACCOUNTING. (a) The trustee of a management trust created for a ward shall prepare and file with the court an annual accounting of transactions in the trust in the same manner and form that is required of a guardian of the estate under this title.
(b) The trustee of a management trust created for a ward shall provide a copy of the annual account to each guardian of the ward.
(c) The annual account is subject to court review and approval in the same manner that is required of an annual account prepared by a guardian under this title.
(d) The court may not require a trustee of a trust created for a person who has only a physical disability to prepare and file with the court the annual accounting as described by Subsection (a).
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 6.069, eff. January 1, 2014.
Acts 2013, 83rd Leg., R.S., Ch. 982 (H.B. 2080), Sec. 33, eff. January 1, 2014.
Acts 2021, 87th Leg., R.S., Ch. 521 (S.B. 626), Sec. 62, eff. September 1, 2021.
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