Texas Estates Code 1105.161 – Sureties for Certain Bonds
Current as of: 2024 | Check for updates
|
Other versions
(a) If the amount of the bond of a guardian of an estate exceeds $50,000, the court may require that the bond be signed by:
(1) at least two authorized corporate sureties; or
(2) one corporate surety and at least two good and sufficient personal sureties.
(b) The guardianship shall pay the cost of a bond with corporate sureties.
Terms Used In Texas Estates Code 1105.161
- Court: means and includes:
(1) a county court in the exercise of its probate jurisdiction;
(2) a court created by statute and authorized to exercise original probate jurisdiction; and
(3) a district court exercising original probate jurisdiction in a contested matter. See Texas Estates Code 22.007 - Estate: means a decedent's property, as that property:
(1) exists originally and as the property changes in form by sale, reinvestment, or otherwise;
(2) is augmented by any accretions and other additions to the property, including any property to be distributed to the decedent's representative by the trustee of a trust that terminates on the decedent's death, and substitutions for the property; and
(3) is diminished by any decreases in or distributions from the property. See Texas Estates Code 22.012 - Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
- Surety: includes a personal surety and a corporate surety. See Texas Estates Code 22.032