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. 305.202. SURETIES FOR CERTAIN BONDS
Latest version.
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(a) If the amount of a bond exceeds $50,000, the court may require that the bond be signed by:
(1) at least two authorized corporate sureties; or
(2) one authorized corporate surety and at least two good and sufficient personal sureties.
(b) The estate shall pay the cost of a bond with corporate sureties.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 , Sec. 1, eff. January 1, 2014.