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Texas Statutes (Last Updated: January 4, 2014) |
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ESTATES CODE |
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Title 3. GUARDIANSHIP AND RELATED PROCEDURES |
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Subtitle I. OTHER SPECIAL PROCEEDINGS AND ALTERNATIVES TO GUARDIANSHIP |
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Chapter 1355. PAYMENT OF CERTAIN CLAIMS WITHOUT GUARDIANSHIP |
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Subchapter C. WITHDRAWAL OF MONEY |
Sec. 1355.103. WITHDRAWAL OF MONEY BY CUSTODIAN; BOND
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(a) A resident creditor's custodian may withdraw the money from the court clerk for the creditor's use and benefit if the custodian files with the clerk:
(1) a written application; and
(2) a bond approved by the county judge.
(b) A custodian's bond must be:
(1) twice the amount of the money to be withdrawn by the custodian;
(2) payable to the judge or the judge's successors in office; and
(3) conditioned that the custodian will:
(A) use the money for the resident creditor's benefit under the court's direction; and
(B) when legally required, faithfully account to the resident creditor and the creditor's heirs or legal representatives for the money and any increase to the money on:
(i) the removal of the creditor's disability;
(ii) the creditor's death; or
(iii) the appointment of a guardian for the creditor.
(c) A custodian may not receive a fee or commission for taking care of, handling, or spending money withdrawn by the custodian.