Texas Estates Code 305.202 – Sureties for Certain Bonds
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(a) If the amount of a bond exceeds $50,000, the court may require that the bond be signed by:
(1) at least two authorized corporate sureties; or
(2) one authorized corporate surety and at least two good and sufficient personal sureties.
(b) The estate shall pay the cost of a bond with corporate sureties.
Terms Used In Texas Estates Code 305.202
- 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 - Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
- Surety: includes a personal surety and a corporate surety. See Texas Estates Code 22.032