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Texas Estates Code - EST § 1301.058. Bond Requirements for Trustees

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

(a) The following serve without giving a bond in accordance with the trust terms required by Sections 1301.101(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.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 1301.058. Bond Requirements for Trustees - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-1301-058/

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