Sec. 1354.002. BOND. (a) A court order issued under Section 1354.001 shall require a receiver appointed under that section to give a bond, as in ordinary receiverships, in an amount the judge considers necessary to protect the estate.
(b) The person appointed as receiver shall:
(1) make and submit a bond for the judge's approval; and
(2) file the bond, when approved, with the clerk.
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 I - Other Special Proceedings and Substitutes for Guardianship
Chapter 1354 - Receivership for Estates of Certain Incapacitated Persons
Section 1354.001. Appointment of Receiver
Section 1354.003. Powers and Duties of Receiver
Section 1354.004. Expenditures by Receiver
Section 1354.005. Use of Excess Estate Assets
Section 1354.006. Receiver's Expenses, Account, and Compensation
Section 1354.007. Closing Receivership; Notice