Texas Statutes
§ 62.122 — BOND REQUIREMENTS.
Texas § 62.122
JurisdictionTexas
Code PRProperty Code
This text of Texas § 62.122 (BOND REQUIREMENTS.) 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. Property Code Code Ann. § 62.122 (2026).
Text
Sec. 62.122. BOND REQUIREMENTS. The bond must:
(1)describe the commercial real estate on which the lien is claimed;
(2)refer to the lien claimed in a manner sufficient to identify it;
(3)be in an amount that is double the amount of the lien referred to in the bond as of the date of execution of the bond by the surety, unless the total amount claimed in the lien exceeds $40,000, in which case the bond must be in an amount that is 1-1/2 times the amount of the lien;
(4)be payable to the party claiming the lien;
(5)be executed by:
(A)the party filing the bond as principal; and
(B)a corporate surety licensed by this state to execute the bond as surety;
(6)be conditioned substantially that the principal and sureties will pay the named obligees or their assignees the amount that the name
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Legislative History
Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.
Nearby Sections
15
§ 62.001
SHORT TITLE.§ 62.002
APPLICABILITY.§ 62.003
DEFINITIONS.§ 62.021
PERSON ENTITLED TO LIEN.§ 62.023
AFFIDAVIT IDENTIFYING BROKER.§ 62.024
FILING OF NOTICE OF LIEN.§ 62.025
CONTENTS OF NOTICE OF LIEN.§ 62.026
NOTICE OF FILING.§ 62.027
INCEPTION OF BROKER'S LIEN.§ 62.028
PRIORITY.§ 62.029
SUBORDINATION.§ 62.030
MIXED-USE REAL ESTATE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 62.122, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/PR/62.122.