Texas § ES.1158.555 - INCREASED OR ADDITIONAL BOND NOT REQUIRED
Full text of Texas The Texas Constitution § ES.1158.555 — INCREASED OR ADDITIONAL BOND NOT REQUIRED, with citation guidance and answers to common questions.
§ ES.1158.555. INCREASED OR ADDITIONAL BOND NOT REQUIRED
INCREASED OR ADDITIONAL BOND NOT REQUIRED. Notwithstanding Sections 1158.554 (c) and (d), if the real estate sold is encumbered by a lien to secure a claim against the estate and is sold to the owner or holder of the secured claim in full payment, liquidation, and satisfaction of the claim, an increased general bond or additional bond may not be required except for the amount of any cash paid to the guardian of the estate in excess of the amount necessary to pay, liquidate, and satisfy the claim in full. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759 ), Sec. 1.02, eff. January 1, 2014.
Frequently Asked Questions About Texas § ES.1158.555
What does The Texas Constitution § ES.1158.555 cover?
Section ES.1158.555 ("INCREASED OR ADDITIONAL BOND NOT REQUIRED") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ES.1158.555?
A common citation format is "The Texas Constitution § ES.1158.555" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ES.1158.555 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.