Texas Estates Code 305.254 – Effect of Order Requiring New Bond
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(a) An order requiring a personal representative to give a new bond has the effect of suspending the representative’s powers.
(b) After the order is entered, the personal representative may not pay out any of the estate‘s money or take any other official action, except to preserve estate property, until the new bond is given and approved.
Terms Used In Texas Estates Code 305.254
- 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 - personal representative: include :
(1) an executor and independent executor;
(2) an administrator, independent administrator, and temporary administrator; and
(3) a successor to an executor or administrator listed in Subdivision (1) or (2). See Texas Estates Code 22.031 - Property: means real and personal property. See Texas Government Code 311.005