(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.
Official text of the Texas Estates Code as published by the Texas Legislative Council.