Texas Estates Code 22.002 – Authorized Corporate Surety
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Terms Used In Texas Estates Code 22.002
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Executor: A male person named in a will to carry out the decedent
- Surety: includes a personal surety and a corporate surety. See Texas Estates Code 22.032
“Authorized corporate surety” means a domestic or foreign corporation authorized to engage in business in this state for the purpose of issuing surety, guaranty, or indemnity bonds that guarantee the fidelity of an executor or administrator.