Texas Civil Practice and Remedies Code 64.023 – Bond
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Terms Used In Texas Civil Practice and Remedies Code 64.023
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
Before a person assumes the duties of a receiver, he must execute a good and sufficient bond that is:
(1) approved by the appointing court;
(2) in an amount fixed by the court; and
(3) conditioned on faithful discharge of his duties as receiver in the named action and obedience to the orders of the court.