Sec. 845. REPORT OF HIRING OR RENTING

(a) When any property of the guardianship estate with an appraised value of $3,000 or more has been hired or rented, the guardian of the estate, not later than the 30th day after the date of the hire or rental, shall file with the court a sworn and written report that states:

(1) the property involved and its appraised value;

(2) the date of hiring or renting, and whether at public auction or privately;

(3) the name of the person who hired or rented the property;

(4) the amount of the hiring or rental; and

(5) whether the hiring or rental was for cash or on credit, and, if on credit, the length of time, the terms, and the security taken for the hiring or rental.

(b) When the value of the property involved is less than $3,000, the hiring or renting of the property may be reported in the next annual or final account that is to be filed as required by law.

Added by Acts 1993, 73rd Leg., ch. 957, Sec. 1, eff. Sept. 1, 1993.