142.004 – INVESTMENT OF FUNDS. (a) In a suit in which a
Texas Property Code § 142.004
Summary
This law allows funds recovered in lawsuits for minors or incapacitated persons without legal guardians to be invested by their representatives. It specifies that these investments can be made in certain educational savings plans or prepaid tuition programs.
Applies to minors or incapacitated persons without legal guardians.
Funds can be invested by a next friend or guardian ad litem.
Investments include higher education savings plans and prepaid tuition programs.
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In simple terms: Learn about Texas's INVESTMENT OF FUNDS. (a) In a suit in which a 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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