Texas Statutes (Last Updated: January 4, 2014) |
ESTATES CODE |
Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY |
Subtitle G. INITIAL APPOINTMENT OF PERSONAL REPRESENTATIVE AND OPENING OF ADMINISTRATION |
Chapter 305. QUALIFICATION OF PERSONAL REPRESENTATIVES |
Subchapter C. GENERAL PROVISIONS RELATING TO BONDS |
Sec. 305.101. BOND GENERALLY REQUIRED; EXCEPTIONS
Latest version.
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(a) Except as otherwise provided by this title, a person to whom letters testamentary or of administration will be issued must enter into a bond before issuance of the letters.
(b) Letters testamentary shall be issued without the requirement of a bond to a person named as executor in a will probated in a court of this state if:
(1) the will directs that no bond or security be required of the person; and
(2) the court finds that the person is qualified.
(c) A bond is not required if a personal representative is a corporate fiduciary.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 , Sec. 1, eff. January 1, 2014.