Texas Estates Code

§ 1354.002 — BOND

ES § 1354.002Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part I. OTHER SPECIAL PROCEEDINGS AND SUBSTITUTES FOR GUARDIANSHIP · Ch. 1354. RECEIVERSHIP FOR ESTATES OF

Statute text

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(a)A court order issued under Section 1354.001 shall require a receiver appointed under that section to give a bond, as in ordinary receiverships, in an amount the judge considers necessary to protect the estate.

(b)The person appointed as receiver shall:

(1)make and submit a bond for the judge's approval; and

(2)file the bond, when approved, with the clerk.

Legislative history

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