Texas Statutes
§ 116.152 — SUBROGATION OF SURETIES.
Texas § 116.152
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 116.152 (SUBROGATION OF SURETIES.) 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. § 116.152 (2026).
Text
Sec. 116.152. SUBROGATION OF SURETIES. If a personal surety or a surety company pays for a loss to a county under a depository bond, the surety is subrogated to the rights of the county in an amount equal to the amount of the surety's payment. However, the amount of the subrogation may not exceed the amount of the deposit secured by the surety at the time of the depository's default.
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Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Nearby Sections
15
§ 116.001
DEFINITIONS.§ 116.002
MONEY AFFECTED.§ 116.022
NOTICE.§ 116.023
APPLICATIONS.§ 116.026
APPLICANTS OUTSIDE COUNTY.§ 116.028
SUCCESSOR BANK AS COUNTY DEPOSITORY.§ 116.052
PERSONAL BOND.§ 116.053
SURETY BOND.§ 116.054
BONDS, NOTES, AND OTHER SECURITIES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 116.152, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/116.152.