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 E. BOND SURETIES |
Sec. 305.201. PERSONAL OR AUTHORIZED CORPORATE SURETIES
Latest version.
-
(a) The surety or sureties on a bond may be personal or authorized corporate sureties.
(b) A bond with sureties who are individuals must have at least two sureties, each of whom must:
(1) execute an affidavit in the manner provided by this subchapter; and
(2) own property in this state, excluding property exempt by law, that the judge is satisfied is sufficient to qualify the person as a surety as required by law.
(c) A bond with an authorized corporate surety is only required to have one surety, except as provided by law.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 , Sec. 1, eff. January 1, 2014.