142.002 – MANAGEMENT BY BONDED MANAGER. (a) In a suit in
Texas Property Code § 142.002
Summary
This law allows a court to authorize a next friend or guardian ad litem to manage and take possession of funds or property awarded to a minor or incapacitated person without a legal guardian. It ensures that the interests of vulnerable individuals are protected in legal proceedings.
Applies to minors or incapacitated persons without legal guardians.
Court can authorize management of recovered funds or property.
Next friend or guardian ad litem can act on behalf of the individual.
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In simple terms: Learn about Texas's MANAGEMENT BY BONDED MANAGER. (a) In a suit in 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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