Texas Estates Code

§ 305.202 — SURETIES FOR CERTAIN BONDS

ES § 305.202Title 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. E. BOND SURETIES

Statute text

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(a)If the amount of a bond exceeds $50,000, the court may require that the bond be signed by:

(1)at least two authorized corporate sureties; or

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

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

Legislative history

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