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.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Amended by: 
Acts 2013, 83rd Leg., R.S., Ch. 982 (H.B. 2080), Sec. 29, eff. January 1, 2014.