Texas Estates Code

§ 1355.103 — WITHDRAWAL OF MONEY BY CUSTODIAN; BOND

ES § 1355.103Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part I. OTHER SPECIAL PROCEEDINGS AND SUBSTITUTES FOR GUARDIANSHIP · Ch. 1355. PAYMENT OF CERTAIN CLAIMS WITHOUT GUARDIANSHIP · Art. C. WITHDRAWAL OF MONEY

Statute text

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(a)A resident creditor's custodian may withdraw the money from the court clerk for the creditor's use and benefit if the custodian files with the clerk:

(1)a written application; and

(2)a bond approved by the county judge.

(b)A custodian's bond must be:

(1)twice the amount of the money to be withdrawn by the custodian;

(2)payable to the judge or the judge's successors in office; and

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Legislative history

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