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Texas Estates Code - EST § 1160.058. Bond Requirements

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

(a) Unless the guardian of the estate is not required to give a general bond, a lease for which a cash consideration is required, although ordered, executed, and delivered, is not valid:

(1) unless the order authorizing the lease makes a finding with respect to the general bond;  and

(2) if the general bond has been found insufficient, until:

(A) the bond has been increased or an additional bond given with the sureties required by law, as required by the order;  and

(B) the increased or additional bond has been approved by the judge and filed with the clerk of the court in which the proceeding is pending.

(b) If two or more leases of different land are authorized by the same order, the general bond shall be increased or additional bonds given to cover all of the leases.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 1160.058. Bond Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-1160-058/

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