Tex. Est. Code Section 1161.202
Authority to Make Loans

(a)

If, at any time, the guardian of the estate has on hand money belonging to the ward in an amount that provides a return that is more than is necessary for the education, support, and maintenance of the ward and others the ward supports, if applicable, the guardian may lend the money for a reasonable interest rate.

(b)

The guardian of the estate is considered to have obtained a reasonable interest rate for a loan for purposes of Subsection (a) if the interest rate is at least equal to 120 percent of the applicable short-term, midterm, or long-term interest rate under Section 7520, Internal Revenue Code of 1986, for the month during which the loan was made.

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.

Source: Section 1161.202 — Authority to Make Loans, https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1161.htm#1161.202 (accessed Jun. 5, 2024).

1161.001
Guardian’s Duty to Keep Estate Invested 1161.002
Standard for Management and Investment of Estate 1161.003
Investments that Meet Standard for Investment 1161.004
Restrictions on Investment in Certain Bonds 1161.005
Modification or Elimination of Duty or Standard 1161.006
Retention of Certain Assets 1161.007
Hearing to Protect Estate 1161.008
Liability of Guardian and Guardian’s Surety 1161.051
Procedure in General 1161.052
Court Action 1161.053
Applicability of Procedure to Certain Assets 1161.054
Inapplicability of Procedure to Certain Assets 1161.101
Definition 1161.102
Authority to Invest in Certain Insurance or Annuities 1161.103
Investment Requirements 1161.104
Procedure for Investing in Insurance or Annuities 1161.105
Continuation of Preexisting Policies or Annuities 1161.106
Control and Ownership of Policies or Annuities 1161.151
Authority to Invest in Real Estate 1161.152
Court Authorization to Make Investments 1161.153
Court Approval of Contracts Required 1161.201
Inapplicability of Subchapter 1161.202
Authority to Make Loans 1161.203
Loan Requirements 1161.204
Guardian’s Duty to Report Loan to Court 1161.205
Guardian’s Liability

Accessed:
Jun. 5, 2024

§ 1161.202’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._est._code_section_1161.202

Original Source: Section 1161.202 — Authority to Make Loans, https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1161.htm#1161.202 (last accessed Jun. 5, 2024).