Section 1301.058 - Bond Requirements for Trustees(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.Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 982,Sec. 29, eff. 1/1/2014.Added by Acts 2011, 82nd Leg., R.S., Ch. 823, Sec. 1.02, eff. 1/1/2014.