Source: https://chowinslaw.com/resources/texas-guardianship-laws/130-payment-of-claims-without-guardianship-texas-guardianship-laws
Timestamp: 2020-04-05 13:41:38
Document Index: 384374787

Matched Legal Cases: ['§ 1355', '§ 1355', '§ 1355', '§ 1355', '§ 1355', '§ 1355', '§ 1355', '§ 1355', '§ 1355', '§ 1355', '§ 1355', '§ 1355', '§ 1355']

Payment of Claims Without Guardianship - Texas Guardianship Laws - Chowins Law Firm, PLLC | Chowins Law Firm, PLLC
Payment of Claims Without Guardianship - Texas Guardianship Laws
PAYMENT OF CERTAIN CLAIMS WITHOUT GUARDIANSHIP
TEXAS ESTATES CODE TITLE 3. SUBTITLE I. CHAPTER 1355.
PAYMENT OF CLAIMS TO CERTAIN INCAPACITATED PERSONS AND FORMER WARDS
§ 1355.001. PAYMENT OF CLAIMS TO RESIDENT CREDITOR.
(a) In this section, "resident creditor" means a person who:
§ 1355.002. PAYMENT OF CLAIMS TO NONRESIDENT CREDITOR.
(a) In this section, "creditor" means a person who is entitled to money in an amount that is not more than $100,000 owing as a result of transactions in this state, the right to which is liquidated and is uncontested in any pending lawsuit in this state.
ADMINISTRATION OF MONEY
§ 1355.051. INVESTMENT OF MONEY BY CLERK.
(a) On receipt of a payment under Section 1355.001, the county clerk shall invest the money as authorized under this title under court order in the name and for the account of the minor or other person entitled to the money.
§ 1355.052. ANNUAL REPORT.
Not later than March 1 of each year, the court clerk shall make a written report to the court of the status of an investment made by the county clerk under Section 1355.051. The report must contain:
§ 1355.101. APPLICABILITY OF SUBCHAPTER.
Except as provided by Section 1355.105, this subchapter applies only to a resident creditor to whom Section 1355.001 applies.
§ 1355.102. CUSTODIAN OF RESIDENT CREDITOR.
(a) The following may serve as custodian of a resident creditor under this section:
§ 1355.103. WITHDRAWAL OF MONEY BY CUSTODIAN; BOND.
(a) A resident creditor's custodian may withdraw the money from the court clerk for the creditor's use and benefit if the custodian files with the clerk:
§ 1355.104. CUSTODIAN'S REPORT.
(a) The custodian shall file with the county clerk a sworn report of the custodian's accounting when the custodian has:
§ 1355.105. WITHDRAWAL OF MONEY BY CREDITOR OR CREDITOR'S HEIR OR REPRESENTATIVE.
(a) On presentation to the court clerk of an order of a county or probate court of the county in which the money is held, money that is not withdrawn by an authorized person as provided by this chapter may be withdrawn by:
USE OF MONEY BY ELEEMOSYNARY INSTITUTION FOR BENEFIT OF RESIDENT
§ 1355.151. APPLICABILITY OF SUBCHAPTER.
This subchapter applies only to money of a resident of an eleemosynary institution of this state that is on deposit in a court registry and does not exceed $10,000.
§ 1355.152. PAYMENT OF MONEY TO INSTITUTION.
(a) The judge of a county court, district court, or other court of this state may by order direct the court clerk to pay money to an eleemosynary institution of this state for the use and benefit of a resident of the institution if the court receives satisfactory proof by affidavit or otherwise that the resident:
§ 1355.153. DEPOSIT OF MONEY IN TRUST.
(a) On receipt of money under this subchapter, an eleemosynary institution shall deposit all of the money received to the resident's trust account.
§ 1355.154. DEATH OF RESIDENT OR DEPLETION OF MONEY.
(a) After the expenditure of all money in a resident's trust account, or after the resident's death, the responsible officer of the eleemosynary institution shall furnish a statement of expenditures of the money to the resident's nearest relative who is entitled to receive the statement.