Texas Estates Code

§ 305.101 — BOND GENERALLY REQUIRED; EXCEPTIONS

ES § 305.101Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part G. INITIAL APPOINTMENT OF PERSONAL REPRESENTATIVE AND OPENING OF ADMINISTRATION · Ch. 305. QUALIFICATION OF PERSONAL REPRESENTATIVES · Art. C. GENERAL PROVISIONS RELATING TO BONDS

Statute text

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(a)Except as otherwise provided by this title, a person to whom letters testamentary or of administration will be issued must enter into a bond before issuance of the letters.

(b)Letters testamentary shall be issued without the requirement of a bond to a person named as executor in a will probated in a court of this state if:

(1)the will directs that no bond or security be required of the person; and

(2)the court finds that the person is qualified.

(c)A bond is not required if a personal representative is a corporate fiduciary.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.