Tex. Estates Code § 1301.058
This is the official text of Tex. Estates Code § 1301.058, part of Texas’s Estates Code — governs wills, probate, and estate administration.
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§ 1301.058. BOND REQUIREMENTS FOR TRUSTEES.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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