Texas Estates Code 1151.203 – Term of Loan or Renewal
Current as of: 2024 | Check for updates
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Terms Used In Texas Estates Code 1151.203
- Court: means and includes:
(1) a county court in the exercise of its probate jurisdiction;
(2) a court created by statute and authorized to exercise original probate jurisdiction; and
(3) a district court exercising original probate jurisdiction in a contested matter. See Texas Estates Code 22.007 - Estate: means a decedent's property, as that property:
(1) exists originally and as the property changes in form by sale, reinvestment, or otherwise;
(2) is augmented by any accretions and other additions to the property, including any property to be distributed to the decedent's representative by the trustee of a trust that terminates on the decedent's death, and substitutions for the property; and
(3) is diminished by any decreases in or distributions from the property. See Texas Estates Code 22.012 - Ward: means a person for whom a guardian has been appointed. See Texas Estates Code 22.033
The term of a loan or renewal authorized under § 1151.202 must be for the length of time that the court determines to be in the best interests of the ward or the ward’s estate.
