Texas Statutes (Last Updated: January 4, 2014) |
PROBATE CODE |
Chapter XIII. GUARDIANSHIP |
Part 4. ADMINISTRATION OF GUARDIANSHIP |
Subpart N. MANAGEMENT TRUSTS |
Sec. 868B. BOND REQUIREMENT FOR CERTAIN TRUSTEES
Latest version.
-
The court shall require a person, other than a corporate fiduciary, serving as trustee to file with the county clerk a bond in an amount equal to the value of the trust's principal and projected annual income and with the conditions the court determines are necessary.
Added by Acts 2001, 77th Leg., ch. 994, Sec. 3, eff. Sept. 1, 2001.