Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1151.155 - Operation or Rental of Farm, Ranch, Factory, or Other Business(a) If the ward owns a farm, ranch, factory, or other business that is not required to be immediately sold for the payment of a debt or other lawful purpose, the guardian of the estate on order of the court shall, as it appears to be in the estate's best interests:(1) continue to operate, or cause the continued operation of, the farm, ranch, factory, or other business; or(2) rent the farm, ranch, factory, or other business.(b) In deciding whether to issue an order under Subsection (a), the court:(1) shall consider:(A) the condition of the estate; and(B) the necessity that may exist for the future sale of the property or business for the payment of a debt, claim, or other lawful expenditure; and(2) may not extend the time of renting any of the property beyond what appears consistent with the maintenance and education of a ward or the settlement of the ward's estate.Added by Acts 2011, 82nd Leg., R.S., Ch. 823, Sec. 1.02, eff. 1/1/2014.