Sec. 305.202. SURETIES FOR CERTAIN BONDS. (a) If the amount of a bond exceeds $50,000, the court may require that the bond be signed by:
(1) at least two authorized corporate sureties; or
(2) one authorized corporate surety and at least two good and sufficient personal sureties.
(b) The estate shall pay the cost of a bond with corporate sureties.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Structure Texas Statutes
Title 2 - Estates of Decedents; Durable Powers of Attorney
Subtitle G - Initial Appointment of Personal Representative and Opening of Administration
Chapter 305 - Qualification of Personal Representatives
Section 305.201. Personal or Authorized Corporate Sureties
Section 305.202. Sureties for Certain Bonds
Section 305.203. Affidavit of Personal Surety
Section 305.204. Lien on Real Property Owned by Personal Sureties
Section 305.205. Subordination of Lien on Real Property Owned by Personal Sureties
Section 305.206. Release of Lien on Real Property Owned by Personal Sureties