Sec. 305.160. INCREASED OR ADDITIONAL BONDS IN CERTAIN CIRCUMSTANCES. The provisions of this subchapter regarding the deposit of cash and securities govern, to the extent the provisions may be applicable, the court orders to be entered when:
(1) one of the following circumstances occurs:
(A) estate property has been authorized to be sold or rented;
(B) money has been borrowed on estate property; or
(C) real property, or an interest in real property, has been authorized to be leased for mineral development or subjected to unitization; and
(2) the general bond has been found to be insufficient.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Last modified: September 28, 2016