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Section 143.002. Application to Establish Subaccount

TX Prop § 143.002 (2019) (N/A)
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Sec. 143.002. APPLICATION TO ESTABLISH SUBACCOUNT. The following persons may apply to the court having jurisdiction under Section 142.005 for the establishment of a subaccount solely for the benefit of a proposed beneficiary who is a person for whom a management trust has been or could be established for the person's benefit under Section 142.005:

(1) the trustee of a management trust established under Section 142.005 for the benefit of the proposed beneficiary of the subaccount;

(2) the guardian of the person or estate, or both, of the proposed beneficiary of the subaccount;

(3) a person who has filed an application for the appointment of a guardian of the person or estate, or both, for the proposed beneficiary of the subaccount;

(4) an attorney ad litem or guardian ad litem appointed to represent the proposed beneficiary of the subaccount; or

(5) the proposed beneficiary, if the proposed beneficiary is not a minor or incapacitated person.

Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 8, eff. September 1, 2019.

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