Tex. Est. Code § 1355.103

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1355.103 - Withdrawal of Money By Custodian; Bond
(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(1) twice the amount of the money to be withdrawn by the custodian;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(c) A custodian may not receive a fee or commission for taking care of, handling, or spending money withdrawn by the custodian.

Tex. Estates § 1355.103

Added by Acts 2011, 82nd Leg., R.S., Ch. 823, Sec. 1.02, eff. 1/1/2014.