1151.155 – OPERATION OR RENTAL OF FARM, RANCH, FACTORY, OR
Texas Estates Code § 1151.155
Summary
This law allows a guardian to operate or rent out a ward's farm, ranch, factory, or business if it is not immediately needed to pay debts. The decision must be approved by the court and should serve the best interests of the estate. This affects guardians managing estates that include such properties.
Guardians can operate or rent out certain properties.
Court approval is required for these actions.
Actions must align with the best interests of the estate.
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In simple terms: Learn about Texas's OPERATION OR RENTAL OF FARM, RANCH, FACTORY, OR law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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