Texas Estates Code

§ 305.255 — NEW BOND IN DECREASED AMOUNT

ES § 305.255Title 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. F. NEW BONDS

Statute text

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(a)A personal representative required to give a bond may at any time file with the clerk a written application requesting that the court reduce the amount of the bond.

(b)On the filing of an application under Subsection (a), the clerk shall promptly issue and have notice posted to all interested persons and the sureties on the bond. The notice must inform the interested persons and sureties of:

(1)the fact that the application has been filed;

(2)the nature of the application; and

(3)the time the judge will hear the application.

(c)The judge may permit the filing of a new bond in a reduced amount if:

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Legislative history

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