Texas Estates Code

§ 1105.160 — AUTHORIZED CORPORATE OR PERSONAL SURETIES

ES § 1105.160Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part D. CREATION OF GUARDIANSHIP · Ch. 1105. QUALIFICATION OF GUARDIANS · Art. D. OTHER PROVISIONS RELATING TO BONDS OF GUARDIANS OF THE ESTATE

Statute text

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(a)The surety on a bond of a guardian of an estate may be an authorized corporate or personal surety.

(b)A bond of a guardian of an estate with sureties who are individuals must have at least two sureties, each of whom must:

(1)execute an affidavit in the manner provided by Subchapter E; and

(2)own property in this state, excluding property exempt by law, that the judge is satisfied is sufficient to qualify the person as a surety as required by law.

(c)A bond with an authorized corporate surety is only required to have one surety, except as otherwise provided by law.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.