Sec. 305.207. DEPOSITS BY PERSONAL SURETY. Instead of executing an affidavit under Section 305.203 or creating a lien under Section 305.204 when required, a personal surety may deposit the surety's own cash or securities instead of pledging real property as security. The deposit:
(1) must be made in the same manner a personal representative deposits the representative's own cash or securities; and
(2) is subject, to the extent applicable, to the provisions governing the same type of deposits made by personal representatives.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
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