Tex. Est. Code Section 1301.058
Bond Requirements for Trustees

(a)

The following serve without giving a bond in accordance with the trust terms required by Sections 1301.101 (Required Terms)(a)(4) and (a-1):

(1)

a trustee of a management trust that is a corporate fiduciary; and

(2)

any other trustee of a management trust created for a person who has only a physical disability.

(b)

Except as provided by Subsection (a), the court shall require a person serving as trustee of a management trust to file with the county clerk a bond that:

(1)

is in an amount equal to the value of the trust’s principal and projected annual income; and

(2)

meets the conditions the court determines are necessary.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 982 (H.B. 2080), Sec. 29, eff. January 1, 2014.

Source: Section 1301.058 — Bond Requirements for Trustees, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­1301.­htm#1301.­058 (accessed Apr. 20, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 20, 2024

§ 1301.058’s source at texas​.gov