Inversión de fondos para menores o personas incapacitadas en Texas

Sec. 142.004. INVESTMENT OF FUNDS. (a) In a suit in which a minor or incapacitated person who has no legal guardian is represented by a next friend or an appointed guardian ad litem, any money recovered by the plaintiff, if not otherwise managed under this chapter, may be invested: (1) by the next friend or guardian ad litem in: (A) a higher education savings plan established under Subchapter G, Chapter 54, Education Code, a prepaid tuition program established under Subchapter H, Chapter 54, Education Code, or an ABLE account established in accordance with the Texas Achieving a Better Life Experience (ABLE) Program under Subchapter J, Chapter 54, Statute text rendered on: - 909 - 10/26/2024 PROPERTY CODE Education Code; or (B) interest-bearing time deposits in a financial institution doing business in this state and insured by the Federal Deposit Insurance Corporation; or (2) by the clerk of the court, on written order of the court of proper jurisdiction, in: (A) a higher education savings plan established under Subchapter G, Chapter 54, Education Code, a prepaid tuition program established under Subchapter H, Chapter 54, Education Code, or an ABLE account established in accordance with the Texas Achieving a Better Life Experience (ABLE) Program under Subchapter J, Chapter 54, Education Code; (B) interest-bearing deposits in a financial institution doing business in this state and insured by the Federal Deposit Insurance Corporation; (C) United States treasury bills; (D) an e