Texas Probate Code - Section 165. Bond Of Community Administrator
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§ 165. BOND OF COMMUNITY ADMINISTRATOR. The community
administrator shall at the time the inventory, appraisement, and
list of claims are returned, present to the court a bond with two or
more good and sufficient sureties, payable to and to be approved by
the judge and his successors in a sum as is found by the judge to be
adequate under all the circumstances, or a bond with one surety in a
sum as is found by the judge to be adequate under all the
circumstances, if the surety is an authorized corporate surety.
The condition of the bond shall be that such surviving spouse will
faithfully administer such community estate and will, after the
payment of debts with which such property is properly chargeable,
deliver to such person or persons as shall be entitled to receive
the same the portion of the community estate devised or bequeathed
to them under the terms of the will of the deceased spouse, or which
passes to them under the laws of descent and distribution. Either
spouse may by will apportion community indebtedness as between the
devisees and legatees of such testator and the surviving spouse,
but this shall not include the power to charge the community share
of the surviving spouse with more than the portion of the community
debts for which it would otherwise be liable.
Acts 1955, 54th Leg., p. 88, ch. 55, eff. Jan. 1, 1956. Amended by
Acts 1965, 59th Leg., p. 717, ch. 339, § 1, eff. June 9, 1965;
Acts 1971, 62nd Leg., p. 982, ch. 173, § 12, eff. Jan. 1, 1972.
Section: 155 156 160 161 162 163 164 165 166 167 168 169 170 171 172
Last modified: August 10, 2007
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