Texas Estates Code

§ 1105.161 — SURETIES FOR CERTAIN BONDS

ES § 1105.161Title 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)If the amount of the bond of a guardian of an estate exceeds $50,000, the court may require that the bond be signed by:

(1)at least two authorized corporate sureties; or

(2)one corporate surety and at least two good and sufficient personal sureties.

(b)The guardianship shall pay the cost of a bond with corporate sureties.

Legislative history

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