Texas § 1801.052 BOND TERMS AND CONDITIONS.

Texas Statutes

§ 1801.052 — BOND TERMS AND CONDITIONS.

Texas § 1801.052

Code OCOccupations Code

This text of Texas § 1801.052 (BOND TERMS AND CONDITIONS.) 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. Occupations Code Code Ann. § 1801.052 (2026).

Text

Sec. 1801.052. BOND TERMS AND CONDITIONS.

(a)A bond filed under this subchapter must:

(1)be in the amount of $3,000;

(2)be conditioned on the commission merchant performing duties required by Subchapter C, except Sections 1801.103 (a), (c), and (d); and

(3)be payable to the county judge of each county in which the commission merchant maintains an office as trustee for any person who may be entitled to recover under the bond.

(b)The bond must be made with:

(1)a solvent surety company doing business in this state; or

(2)two or more good and sufficient sureties, each of whom:

(A)is a resident of this state; and

(B)makes an affidavit stating that the surety has assets, not subject to exemption, that are at least equal to the amount of the bond.

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Sec. 1801.052. BOND TERMS AND CONDITIONS. (a) A bond filed under this subchapter must:
(1) be in the amount of $3,000;
(2) be conditioned on the commission merchant performing duties required by Subchapter C, except Sections 1801.103 (a), (c), and (d); and
(3) be payable to the county judge of each county in which the commission merchant maintains an office as trustee for any person who may be entitled to recover under the bond.
(b) The bond must be made with:
(1) a solvent surety company doing business in this state; or
(2) two or more good and sufficient sureties, each of whom:
(A) is a resident of this state; and
(B) makes an affidavit stating that the surety has assets, not subject to exemption, that are at least equal to the amount of the bond.