Tex. Est. Code § 305.207

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 305.207 - Deposits By Personal Surety

Instead of executing an affidavit under Section 305.203 or creating a lien under Section 305.204 when required, a personal surety may deposit the surety's own cash or securities instead of pledging real property as security. The deposit:

(1) must be made in the same manner a personal representative deposits the representative's own cash or securities; and

(2) is subject, to the extent applicable, to the provisions governing the same type of deposits made by personal representatives.

Tex. Estates § 305.207

Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. 1/1/2014.