Texas § ES.305.153 - SPECIFIC BOND AMOUNT
Full text of Texas The Texas Constitution § ES.305.153 — SPECIFIC BOND AMOUNT, with citation guidance and answers to common questions.
§ ES.305.153. SPECIFIC BOND AMOUNT
SPECIFIC BOND AMOUNT. (a) Except as otherwise provided by this section, the judge shall set the bond in an amount equal to the sum of: (1) the estimated value of all personal property belonging to the estate; and (2) an additional amount to cover revenue anticipated to be derived during the succeeding 12 months from: (A) interest and dividends; (B) collectible claims; (C) the aggregate amount of any installments or periodic payments, excluding income derived or to be derived from federal social security payments; and (D) rentals for the use of property. (b) The judge shall reduce the amount of the original bond under Subsection (a) in proportion to the amount of cash or the value of securities or other assets: (1) authorized or required to be deposited by court order; or (2) voluntarily deposited by the personal representative or the sureties on the representative's bond, as provided by Sections 305.155 and 305.156 . (c) A bond required to be given by a temporary administrator shall be in the amount that the judge directs. Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502 ), Sec. 1, eff. January 1, 2014.
Frequently Asked Questions About Texas § ES.305.153
What does The Texas Constitution § ES.305.153 cover?
Section ES.305.153 ("SPECIFIC BOND AMOUNT") 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.305.153?
A common citation format is "The Texas Constitution § ES.305.153" (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.305.153 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.