Texas § 1801.055 SUIT ON BOND.

Texas Statutes

§ 1801.055 — SUIT ON BOND.

Texas § 1801.055

Code OCOccupations Code

This text of Texas § 1801.055 (SUIT ON BOND.) 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. § 1801.055 (2026).

Text

Sec. 1801.055. SUIT ON BOND.

(a)A person damaged by a breach of a condition of the bond may bring suit and recover under the bond.

(b)The suit shall be filed in the county in which the bond is filed.

(c)A bond is not void on first recovery and may be sued on until the total amount is exhausted.

(d)If the amount of the bond is reduced to $1,500 or less, the commission merchant shall file a new bond in an amount equal to $3,000. The new bond is liable for all future contracts entered into by the commission merchant and a consignor.

(e)A commission merchant who does not file a new bond under Subsection (d) may not do business in this state. SUBCHAPTER C. COMMISSION MERCHANT DUTIES

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

Sec. 1801.055. SUIT ON BOND. (a) A person damaged by a breach of a condition of the bond may bring suit and recover under the bond.
(b) The suit shall be filed in the county in which the bond is filed.
(c) A bond is not void on first recovery and may be sued on until the total amount is exhausted.
(d) If the amount of the bond is reduced to $1,500 or less, the commission merchant shall file a new bond in an amount equal to $3,000. The new bond is liable for all future contracts entered into by the commission merchant and a consignor.
(e) A commission merchant who does not file a new bond under Subsection (d) may not do business in this state.
SUBCHAPTER C. COMMISSION MERCHANT DUTIES