Tex. Est. Code § 1355.103 · Subchapter C. WITHDRAWAL OF MONEY
WITHDRAWAL OF MONEY BY CUSTODIAN; BOND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A resident creditor's custodian may withdraw the money from the court clerk for the creditor's use and benefit if the custodian files with the clerk:
(1) a written application; and
(2) a bond approved by the county judge.
(b) A custodian's bond must be:
(1) twice the amount of the money to be withdrawn by the custodian;
(2) payable to the judge or the judge's successors in office; and
(3) conditioned that the custodian will:
(A) use the money for the resident creditor's benefit under the court's direction; and
(B) when legally required, faithfully account to the resident creditor and the creditor's heirs or legal representatives for the money and any increase to the money on:
(i) the removal of the creditor's disability;
(ii) the creditor's death; or
(iii) the appointment of a guardian for the creditor.
(c) A custodian may not receive a fee or commission for taking care of, handling, or spending money withdrawn by the custodian.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1355.htm
- Text hash
- sha256 8d1684f96123f01c2f897e53ba06aebaab5e5ee95f2f0354a05cc0d6feb72f8b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Est. Code § 1355.103. Each shows the citation as that text prints it.
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