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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) In addition to any other remedy authorized by law, if the guardian of the estate fails to invest or lend estate assets in the manner provided by this chapter, the guardian and the guardian's surety are liable for the principal and the greater of:
(1) the highest legal rate of interest on the principal during the period the guardian failed to invest or lend the assets; or
(2) the overall return that would have been made on the principal if the principal were invested in the manner provided by this chapter.
(b) In addition to the liability under Subsection (a), the guardian and the guardian's surety are liable for attorney's fees, litigation expenses, and costs related to a proceeding brought to enforce this section.
Cite this article: FindLaw.com - Texas Estates Code - EST § 1161.008. Liability of Guardian and Guardian's Surety - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-1161-008/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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