Tex. Estates Code § 1355.103
This is the official text of Tex. Estates Code § 1355.103, part of Texas’s Estates Code — governs wills, probate, and estate administration.
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§ 1355.103. WITHDRAWAL OF MONEY BY CUSTODIAN; BOND.
Official statutory text
(a) A resident creditor's custodian may withdraw the money from the court clerk for the creditor's use and benefit if the custodian files with the clerk:
(1) a written application; and
(2) a bond approved by the county judge.
(b) A custodian's bond must be:
(1) twice the amount of the money to be withdrawn by the custodian;
(2) payable to the judge or the judge's successors in office; and
(3) conditioned that the custodian will:
(A) use the money for the resident creditor's benefit under the court's direction; and
(B) when legally required, faithfully account to the resident creditor and the creditor's heirs or legal representatives for the money and any increase to the money on:
(i) the removal of the creditor's disability;
(ii) the creditor's death; or
(iii) the appointment of a guardian for the creditor.
(c) A custodian may not receive a fee or commission for taking care of, handling, or spending money withdrawn by the custodian.
(1) a written application; and
(2) a bond approved by the county judge.
(b) A custodian's bond must be:
(1) twice the amount of the money to be withdrawn by the custodian;
(2) payable to the judge or the judge's successors in office; and
(3) conditioned that the custodian will:
(A) use the money for the resident creditor's benefit under the court's direction; and
(B) when legally required, faithfully account to the resident creditor and the creditor's heirs or legal representatives for the money and any increase to the money on:
(i) the removal of the creditor's disability;
(ii) the creditor's death; or
(iii) the appointment of a guardian for the creditor.
(c) A custodian may not receive a fee or commission for taking care of, handling, or spending money withdrawn by the custodian.
Status: in_force · Read it on the official government site
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