Texas Estates Code

§ 354.052 — BOND REQUIRED TO WITHDRAW ESTATE FROM ADMINISTRATION

ES § 354.052Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part H. CONTINUATION OF ADMINISTRATION · Ch. 354. SUMMARY PROCEEDINGS FOR, OR WITHDRAWAL FROM ADMINISTRATION OF, CERTAIN ESTATES · Art. B. WITHDRAWAL FROM ADMINISTRATION OF CERTAIN ESTATES

Statute text

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After the executor or administrator has rendered the exhibit of the condition of the estate if required under Section 354.051, one or more persons entitled to the estate, or other persons for them, may execute and deliver a bond to the court. The bond must be:

(1)conditioned that the persons executing the bond shall:

(A)pay all unpaid debts against the estate that have been or are:

(i)allowed by the executor or administrator and approved by the court; or

(ii)established by suit against the estate; and

(B)pay to the executor or administrator any balance that the court in its judgment on the exhibit finds to be due the executor or administrator;

…

Legislative history

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