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Texas Estates Code - EST § 1105.158. Bond Required Instead of Deposits

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The court may on its own motion or on the written application by the guardian of an estate or any other person interested in the guardianship:

(1) require the guardian to give adequate bond instead of the deposit;  or

(2) authorize withdrawal of the deposit and substitution of a bond with sureties.

(b) Before the 21st day after the date the guardian is personally served with notice of the filing of the application or the date the court enters the court's motion, the guardian shall file a sworn statement showing the condition of the guardianship.

(c) A guardian who fails to comply with Subsection (b) is subject to removal as in other cases.

(d) The deposit may not be released or withdrawn until the court:

(1) is satisfied as to the condition of the guardianship estate;

(2) determines the amount of the bond;  and

(3) receives and approves the bond.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 1105.158. Bond Required Instead of Deposits - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-1105-158/

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