Sec. 1354.002. BOND. (a) A court order issued under Section 1354.001 shall require a receiver appointed under that section to give a bond, as in ordinary receiverships, in an amount the judge considers necessary to protect the estate.
(b) The person appointed as receiver shall:
(1) make and submit a bond for the judge's approval; and
(2) file the bond, when approved, with the clerk.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Section: Previous 1354.001 1354.002 1354.003 1354.004 1354.005 1354.006 1354.007 1354.008 NextLast modified: September 28, 2016