Texas Estates Code

§ 305.160 — INCREASED OR ADDITIONAL BONDS IN CERTAIN CIRCUMSTANCES

ES § 305.160Title 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. D. AMOUNT OF BOND AND ASSOCIATED DEPOSITS

Statute text

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The provisions of this subchapter regarding the deposit of cash and securities govern, to the extent the provisions may be applicable, the court orders to be entered when:

(1)one of the following circumstances occurs:

(A)estate property has been authorized to be sold or rented;

(B)money has been borrowed on estate property; or

(C)real property, or an interest in real property, has been authorized to be leased for mineral development or subjected to unitization; and

(2)the general bond has been found to be insufficient.

Legislative history

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