§ 883B. Accounting, Inventory, and Appraisement by Community Administrator

883B. Accounting, Inventory, and Appraisement by Community Administrator

(a) On its own motion or on the motion of an interested person for good cause shown, the court may order a community administrator to file a verified, full, and detailed inventory and appraisement of:

(1) any community property that is subject to the incapacitated spouse's sole management, control, and disposition under Section 3.102, Family Code;

(2) any community property subject to the spouses' joint management, control, and disposition under Section 3.102, Family Code; and

(3) any income earned on property described in this subsection.

(b) At any time after the expiration of 15 months after the date that a community administrator's spouse is judicially declared to be incapacitated, the court, on its own motion or on the motion of an interested person for good cause shown, may order the community administrator to prepare and file an accounting of:

(1) any community property that is subject to the incapacitated spouse's sole management, control, and disposition under Section 3.102, Family Code;

(2) any community property subject to the spouses' joint management, control, and disposition under Section 3.102, Family Code; and

(3) any income earned on property described in this subsection.

(c) An inventory and appraisement ordered under Subsection (a) of this section must:

(1) be prepared in the same form and manner that is required of a guardian under Section 729 of this code; and

(2) be filed not later than the 90th day after the date on which the order is issued.

(d) An accounting ordered under Subsection (b) of this section must:

(1) be prepared in the same form and manner that is required of a guardian under Section 741 of this code, except that the requirement that an accounting be filed annually with the county clerk does not apply; and

(2) be filed not later than the 60th day after the date on which the order is issued.

(e) After an initial accounting has been filed by a community administrator under this section, the court, on the motion of an interested person for good cause shown, may order the community administrator to file subsequent periodic accountings at intervals of not less than 12 months.