Sec. 1105.160. AUTHORIZED CORPORATE OR PERSONAL SURETIES. (a) The surety on a bond of a guardian of an estate may be an authorized corporate or personal surety.
(b) A bond of a guardian of an estate with sureties who are individuals must have at least two sureties, each of whom must:
(1) execute an affidavit in the manner provided by Subchapter E; 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 otherwise provided by law.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Structure Texas Statutes
Title 3 - Guardianship and Related Procedures
Subtitle D - Creation of Guardianship
Chapter 1105 - Qualification of Guardians
Subchapter D. Other Provisions Relating to Bonds of Guardians of the Estate
Section 1105.151. General Formalities
Section 1105.152. General Standard Regarding Amount of Bond
Section 1105.153. Evidentiary Hearing on Amount of Bond
Section 1105.154. Specific Bond Amount
Section 1105.155. Agreement Regarding Deposit of Estate Assets
Section 1105.156. Deposit of Estate Assets on Terms Prescribed by Court
Section 1105.157. Deposits of Guardian
Section 1105.158. Bond Required Instead of Deposits
Section 1105.159. Withdrawal of Deposits on Closing of Guardianship
Section 1105.160. Authorized Corporate or Personal Sureties
Section 1105.161. Sureties for Certain Bonds
Section 1105.162. Deposits by Personal Surety
Section 1105.163. Applicability of Subchapter to Certain Court Orders