Tex. Est. Code Section 1151.155
Operation or Rental of Farm, Ranch, Factory, or Other Business

(a)

If the ward owns a farm, ranch, factory, or other business that is not required to be immediately sold for the payment of a debt or other lawful purpose, the guardian of the estate on order of the court shall, as it appears to be in the estate’s best interests:

(1)

continue to operate, or cause the continued operation of, the farm, ranch, factory, or other business; or

(2)

rent the farm, ranch, factory, or other business.

(b)

In deciding whether to issue an order under Subsection (a), the court:

(1)

shall consider:

(A)

the condition of the estate; and

(B)

the necessity that may exist for the future sale of the property or business for the payment of a debt, claim, or other lawful expenditure; and

(2)

may not extend the time of renting any of the property beyond what appears consistent with the maintenance and education of a ward or the settlement of the ward’s estate.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.

Source: Section 1151.155 — Operation or Rental of Farm, Ranch, Factory, or Other Business, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­1151.­htm#1151.­155 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 1151.155’s source at texas​.gov