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Texas Estates Code - EST § 305.157. Receipt for Deposits of Personal Representative

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

(a) A depository that receives a deposit made under Section 305.156 instead of a surety or sureties on a bond shall issue a receipt for the deposit that:

(1) shows the amount of cash deposited or the amount and description of the securities deposited, as applicable; and

(2) states that the depository agrees to disburse or deliver the cash or securities only on receipt of a certified copy of an order of the court in which the proceedings are pending.

(b) A receipt issued by a depository under Subsection (a) shall be attached to the personal representative's bond and be delivered to and filed by the county clerk after approval by the judge.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 305.157. Receipt for Deposits of Personal Representative - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-305-157/

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