Texas Estates Code 305.160 – Increased or Additional Bonds in Certain Circumstances
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Estates Code 305.160
- 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 - Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Real property: includes estates and interests in land, whether corporeal or incorporeal or legal or equitable. See Texas Estates Code 22.030
The provisions of this subchapter regarding the deposit of cash and securities govern, to the extent the provisions may be applicable, the court orders to be entered when:
(1) one of the following circumstances occurs:
(A) estate property has been authorized to be sold or rented;
(B) money has been borrowed on estate property; or
(C) real property, or an interest in real property, has been authorized to be leased for mineral development or subjected to unitization; and
(2) the general bond has been found to be insufficient.