H.B. No. 1126

SALE AND MANAGEMENT OF ASSETS UP TO $50,000 WITHOUT GUARDIANSHIP

Bill Description

Governor Bush signed HB 1126 on May 26, 1997. HB 1126 becomes effective September 1, 1997.

HB 1126 raises the limit on funds which can be held in the registry of the court for a minor or incapacitated person (thereby avoiding a guardianship) from $25,000 to $50,000. It also adopts a procedure for approving the sale of real estate where the minor's or incapacitated person's interest in the real estate is worth less than $50,000 without the need for a guardianship.

HB 1126 amends Sections 887 and 889 and adds new Section 890.


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Copyright © 1997 by Glenn M. Karisch. This page was last revised on June 23, 1997.