Texas § 116.088 RELEASE OF SURETY COMPANY.

Texas Statutes

§ 116.088 — RELEASE OF SURETY COMPANY.

Texas § 116.088

Code LGLocal Government Code

This text of Texas § 116.088 (RELEASE OF SURETY COMPANY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Local Government Code Code Ann. § 116.088 (2026).

Text

Sec. 116.088. RELEASE OF SURETY COMPANY.

(a)A surety company may be relieved of its obligations under a surety bond executed on behalf of a county depository after the 30th day after the date it gives written notice to the commissioners court requesting to be released.

(b)A surety company is not relieved under Subsection (a) of liability for a loss sustained by the county before the expiration of the bond.

(c)If a depository's surety company requests to be relieved from its obligations under Subsection (a), the depository shall provide further security acceptable to the commissioners court to secure county funds under this chapter. The depository shall provide the further security before termination of the surety's obligations under the bond. The new security shall be filed in the count

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 116.088. RELEASE OF SURETY COMPANY. (a) A surety company may be relieved of its obligations under a surety bond executed on behalf of a county depository after the 30th day after the date it gives written notice to the commissioners court requesting to be released.
(b) A surety company is not relieved under Subsection (a) of liability for a loss sustained by the county before the expiration of the bond.
(c) If a depository's surety company requests to be relieved from its obligations under Subsection (a), the depository shall provide further security acceptable to the commissioners court to secure county funds under this chapter. The depository shall provide the further security before termination of the surety's obligations under the bond. The new security shall be filed in the county clerk's office.