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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 personal representative or any other person interested in the estate:
(1) require that an adequate bond be given instead of a deposit under Section 305.156; or
(2) authorize withdrawal of a deposit made under Section 305.156 and substitution of a bond with sureties.
(b) Not later than the 20th day after the date of entry of the court's motion or the date the personal representative is personally served with notice of the filing of an application by another person interested in the estate, the representative shall file a sworn statement showing the condition of the estate.
(c) A personal representative who fails to comply with Subsection (b) is subject to removal as in other cases.
(d) The personal representative's deposit under Section 305.156 may not be released or withdrawn until the court has:
(1) been satisfied as to the condition of the estate;
(2) determined the amount of the bond; and
(3) received and approved the bond.
Cite this article: FindLaw.com - Texas Estates Code - EST § 305.158. Bond Required Instead of Deposits by Personal Representative - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-305-158/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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