Texas Estates Code 305.201 – Personal or Authorized Corporate Sureties
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(a) The surety or sureties on a bond may be personal or authorized corporate sureties.
(b) A bond with sureties who are individuals must have at least two sureties, each of whom must:
(1) execute an affidavit in the manner provided by this subchapter; 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.
Terms Used In Texas Estates Code 305.201
- Judge: means the presiding judge of any court having original jurisdiction over probate proceedings, regardless of whether the court is:
(1) a county court in the exercise of its probate jurisdiction;
(2) a court created by statute and authorized to exercise probate jurisdiction; or
(3) a district court exercising probate jurisdiction in a contested matter. See Texas Estates Code 22.019 - Person: includes a natural person and a corporation. See Texas Estates Code 22.027
- Property: means real and personal property. See Texas Government Code 311.005
- Surety: includes a personal surety and a corporate surety. See Texas Estates Code 22.032
(c) A bond with an authorized corporate surety is only required to have one surety, except as provided by law.