Sec. 305.203. AFFIDAVIT OF PERSONAL SURETY. (a) Before a judge may consider a bond with personal sureties, each person offered as surety must execute an affidavit stating the amount by which the person's assets that are reachable by creditors exceeds the person's liabilities, and each affidavit must be presented to the judge for consideration.
(b) The total worth of the personal sureties on a bond must equal at least twice the amount of the bond.
(c) An affidavit presented to and approved by the judge under this section shall be attached to and form part of the bond.
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