Sec. 142.003. COMPENSATION AND DUTIES OF MANAGERS. (a) A person who manages property under Section 142.001 or 142.002 is entitled to receive compensation as allowed by the court.
(b) The person shall make dispositions of the property as ordered by the court and shall return the property into court on the order of the court.
Acts 1983, 68th Leg., p. 3711, ch. 576, Sec. 1, eff. Jan. 1, 1984.
Structure Texas Statutes
Title 10 - Miscellaneous Beneficial Property Interests
Subtitle A - Persons Under Disability
Chapter 142 - Management of Property Recovered in Suit by a Next Friend or Guardian Ad Litem
Section 142.001. Management by Decree
Section 142.002. Management by Bonded Manager
Section 142.003. Compensation and Duties of Managers
Section 142.004. Investment of Funds
Section 142.005. Trust for Property
Section 142.006. Claims Against Property
Section 142.007. Incapacitated Person
Section 142.008. Structured Settlement
Section 142.009. Annuity Contract Requirements for Structured Settlement
Section 142.010. Transfer of Trust Property to a Pooled Trust Subaccount