Tex. Prop. Code Section 143.002
Application to Establish Subaccount

The following persons may apply to the court having jurisdiction under Section 142.005 (Trust for Property) 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 (Trust for Property):

(1)

the trustee of a management trust established under Section 142.005 (Trust for Property) 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.

Source: Section 143.002 — Application to Establish Subaccount, https://statutes.­capitol.­texas.­gov/Docs/PR/htm/PR.­143.­htm#143.­002 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 143.002’s source at texas​.gov