Estates Code § 1158.554

Sec. 1158.554. SUFFICIENCY OF BOND. (a) If the guardian of an estate is required by Subtitle D to give a general bond, before the court approves any sale of real estate, the court shall determine whether the bond is sufficient to protect the estate after the sale proceeds are received. (b) If the court finds that the general bond is sufficient, the court may approve the sale as provided by Section 1158.556(a). (c) If the court finds that the general bond is insufficient, the court may not approve the sale until the general bond is increased to the amount required by the court, or an additional bond is given, and approved by the court. (d) An increase in the amount of the general bond, or the additional bond, as applicable under Subsection (c), must be equal to the sum of: (1) the amount for which the real estate is sold; and (2) any additional amount the court finds necessary and sets for the estate's protection. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014. Amended by: Acts 2021, 87th Leg., R.S., Ch. 521 (S.B. 626), Sec. 49, eff. September 1, 2021.