Sec. 1301.058. BOND REQUIREMENTS FOR TRUSTEES. (a) The following serve without giving a bond in accordance with the trust terms required by Sections 1301.101 (a)(4) and (a-1): (1) a trustee of a management trust that is a corporate fiduciary; and (2) any other trustee of a management trust created for a person who has only a physical disability. (b) Except as provided by Subsection (a), the court shall require a person serving as trustee of a management trust to file with the county clerk a bond that: (1) is in an amount equal to the value of the trust's principal and projected annual income; and (2) meets the conditions the court determines are necessary.
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