{"data":{"id":"us-tx/tex.-property-code-113.058","jurisdiction":"us-tx","citation":"Tex. Property Code § 113.058","heading":"BOND.","body":"(a) A corporate trustee is not required to provide a bond to secure performance of its duties as trustee.\n(b) Unless the instrument creating the trust provides otherwise, a noncorporate trustee must give bond:\n(1) payable to the trust estate of the trust, the registry of the court, or each person interested in the trust, as their interests may appear; and\n(2) conditioned on the faithful performance of the trustee's duties.\n(c) The bond must be in an amount and with the sureties required by order of a court in a proceeding brought for this determination.\n(d) Any interested person may bring an action to increase or decrease the amount of a bond, require a bond, or substitute or add sureties. Notwithstanding Subsection (b), for cause shown, a court may require a bond even if the instrument creating the trust provides otherwise.\n(e) The trustee shall deposit the bond with the clerk of the court that issued the order requiring the bond. A suit on the bond may be maintained on a certified copy. Appropriate proof of a recovery on a bond reduces the liability of the sureties pro tanto.\n(f) Failure to comply with this section does not make void or voidable or otherwise affect an act or transaction of a trustee with any third person.\nAdded by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.\nAmended by:\nActs 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 14, eff. January 1, 2006.\nActs 2007, 80th Leg., R.S., Ch. 451 (H.B. 564), Sec. 6, eff. September 1, 2007.","path":["PROPERTY CODE","TITLE 9. TRUSTS","SUBTITLE B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS","CHAPTER 113. ADMINISTRATION","SUBCHAPTER B. DUTIES OF TRUSTEE"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.113.htm#113.058","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"5c6d7f343bc04934a59c5b81812a327be5f7488527971b45c07e65b87e4a1431","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-113.057","next":"us-tx/tex.-property-code-113.081"},"notice":"GroundRules: Original legal text. Not legal advice."}