Texas Estates Code

§ 305.203 — AFFIDAVIT OF PERSONAL SURETY

ES § 305.203Title 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)Before a judge may consider a bond with personal sureties, each person offered as surety must execute an affidavit stating the amount by which the person's assets that are reachable by creditors exceeds the person's liabilities, and each affidavit must be presented to the judge for consideration.

(b)The total worth of the personal sureties on a bond must equal at least twice the amount of the bond.

(c)An affidavit presented to and approved by the judge under this section shall be attached to and form part of the bond.

Legislative history

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