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and(2) a bond approved by the county judge.(b) A custodian's bond must be:(1) twice the amount of the money to be withdrawn by the custodian;(2) payable to the judge or the judge's successors in office; and(3) conditioned that the custodian will:(A) use the money for the resident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for the creditor.(c) A custodian may not receive a fee or commission for taking care of, handling, or spending money withdrawn by the custodian.Added by Acts 2011, 82nd Leg., R.S., Ch. 823, Sec. 1.02, eff. 1/1/2014.