Tex. Est. Code Section 1105.156
Deposit of Estate Assets on Terms Prescribed by Court

(a)

Cash, securities, or other personal assets of a ward to which the ward is entitled may, or if considered by the court to be in the best interests of the ward, shall, be deposited in one or more depositories described by this subchapter on terms prescribed by the court.

(b)

The court in which the guardianship proceeding is pending may authorize or require additional estate assets currently on hand or that accrue during the pendency of the proceeding to be deposited as provided by Subsection (a) on:

(1)

the court’s own motion; or

(2)

the written application of the guardian or any other person interested in the ward.

(c)

The amount of the bond required to be given by the guardian of the estate shall be reduced in proportion to the amount of the cash or the value of the securities or other assets deposited under this section.

(d)

Cash, securities, or other assets deposited under this section may be withdrawn wholly or partly from the depository only in accordance with a court order, and the amount of the guardian’s bond shall be increased in proportion to the amount of the cash or the value of the securities or other assets authorized to be withdrawn.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.

Source: Section 1105.156 — Deposit of Estate Assets on Terms Prescribed by Court, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­1105.­htm#1105.­156 (accessed Jun. 5, 2024).

1105.001
Definitions 1105.002
Manner of Qualification of Guardian 1105.003
Period for Taking Oath or Making Declaration and Giving Bond 1105.051
Oath or Declaration of Guardian 1105.052
Administration of Oath or Making of Declaration 1105.101
Bond Generally Required 1105.102
Bond for Certain Guardians of the Person 1105.103
Bond Required from Guardian Otherwise Exempt 1105.104
Bonds of Joint Guardians 1105.105
Bond of Married Person 1105.107
Bond of Guardianship Program 1105.108
Subscription of Bond by Principals and Sureties 1105.109
Form of Bond 1105.110
Filing of Bond 1105.111
Failure to Give Bond 1105.112
Bond Not Void on First Recovery 1105.151
General Formalities 1105.152
General Standard Regarding Amount of Bond 1105.153
Evidentiary Hearing on Amount of Bond 1105.154
Specific Bond Amount 1105.155
Agreement Regarding Deposit of Estate Assets 1105.156
Deposit of Estate Assets on Terms Prescribed by Court 1105.157
Deposits of Guardian 1105.158
Bond Required Instead of Deposits 1105.159
Withdrawal of Deposits on Closing of Guardianship 1105.160
Authorized Corporate or Personal Sureties 1105.161
Sureties for Certain Bonds 1105.162
Deposits by Personal Surety 1105.163
Applicability of Subchapter to Certain Court Orders 1105.201
Affidavit of Personal Surety 1105.202
Lien on Real Property Owned by Personal Surety 1105.203
Subordination of Lien on Real Property Owned by Personal Surety 1105.204
Release of Lien on Real Property Owned by Personal Sureties 1105.251
Grounds for Requiring New Bond 1105.252
Court Order or Citation on New Bond 1105.253
Show Cause Hearing on New Bond Requirement 1105.254
Effect of Order Requiring New Bond 1105.255
New Bond in Decreased Amount 1105.256
Request by Surety for New Bond 1105.257
Discharge of Former Sureties on Approval of New Bond
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1105.156’s source at texas​.gov