Texas Statutes
§ 702.253 — ADJUDICATION ON PRO RATA BASIS.
Texas § 702.253
JurisdictionTexas
Code OCOccupations Code
This text of Texas § 702.253 (ADJUDICATION ON PRO RATA BASIS.) 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. § 702.253 (2026).
Text
Sec. 702.253. ADJUDICATION ON PRO RATA BASIS. If the total amount of actual financial losses computed under Section 702.252 for all claims filed under Section 702.251 exceeds the amount of available security, the secretary of state shall reduce the amount of each recovery under Section 702.252 on a pro rata basis and shall compute the amount of each recovery by:
(1)dividing the amount of available security by the total amount of actual financial losses computed under Section 702.252 for all claims; and
(2)multiplying the results computed under Subdivision (1) by the amount of the recovery.
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Legislative History
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 756, Sec. 1, eff. Sept. 1, 2001.
Nearby Sections
15
§ 702.001
SHORT TITLE.§ 702.002
PURPOSE AND CONSTRUCTION.§ 702.003
DEFINITIONS.§ 702.053
REGISTRATION AND RENEWAL FEES.§ 702.102
APPLICATION REQUIREMENTS.§ 702.104
TERM; RENEWAL.§ 702.105
CERTIFICATE POSTING.§ 702.106
CHANGE OF INFORMATION.§ 702.151
SECURITY REQUIRED.§ 702.152
SURETY BOND REQUIREMENTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 702.253, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/OC/702.253.