1105.157 – DEPOSITS OF GUARDIAN. (a) Instead of giving a
Texas Estates Code § 1105.157
Summary
This law allows guardians of an estate to deposit their own cash or acceptable securities with a financial institution instead of providing a surety bond. This option is available to simplify the bonding process and is subject to court approval.
Guardians can use personal cash or securities instead of a surety bond.
Deposits must be made with a Texas financial institution.
Court approval is required for the deposit to be considered proper.
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In simple terms: Learn about Texas's DEPOSITS OF GUARDIAN. (a) Instead of giving a law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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