§ 1704.212 — EFFECT OF DEFAULT BY CORPORATION; NOTICE REQUIRED.

Texas § 1704.212

• Jurisdiction: Texas
• Code OC: Occupations Code

Text

Sec. 1704.212. EFFECT OF DEFAULT BY CORPORATION; NOTICE REQUIRED. (a) A corporation may not act as a bail bond surety in a county in which the corporation is in default on five or more bail bonds.
(b) If a corporation defaults on a bail bond, the clerk of the court in which the corporation executed the bond shall deliver a written notice of the default to:
(1) the sheriff;
(2) the chief of police; or
(3) another appropriate peace officer.
(c) For purposes of this section:
(1) a corporation is considered in default on a bail bond beginning on the 11th day after the date the trial court enters a final judgment on the scire facias and ending on the date the judgment is satisfied, set aside, or superseded; and
(2) a corporation is not considered in default on a bail bond if, pending appeal, the corporation deposits cash or a supersedeas bond in the amount of the final judgment with the court in which the bond is executed.
(d) A deposit made under Subsection (c)(2) shall be applied to the payment of a final judgment in the case.

Legislative History

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1262, Sec. 10, eff. Sept. 1, 2001.