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Texas Estates Code - EST § 1352.105. Surety Bond; Discharge of Sureties

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

(a) Before a hearing under Section 1352.104 is held, the guardian of the person shall file a surety bond with the county clerk to the same extent and in the same manner as a parent or managing conservator of a minor is required to file a surety bond under Section 1352.055.

(b) The court may not discharge the guardian's sureties from all further liability under a bond required by this section or another provision of this title until the court:

(1) finds that the guardian used loan proceeds resulting from the minor ward's interest solely for the purposes authorized by Section 1352.106; and

(2) is presented with satisfactory evidence that the home equity loan has been repaid and is no longer considered an outstanding obligation.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 1352.105. Surety Bond; Discharge of Sureties - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-1352-105/

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