Tex. Agric. Code § 147.024 · Subchapter B. BOND
MORE THAN ONE PERSON UNDER SINGLE BOND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If two or more commission merchants are employees or agents solely for one person, they may be covered by a single bond in an amount determined under Section 147.023 of this code on the basis of combined purchases and sales.
(b) Two or more commission merchants not subject to Subsection (a) of this section may be covered under a single bond in an amount not less than the aggregate amount of individual bonds required under Section 147.023 of this code.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1380, ch. 388, Sec. 1, eff. Sept. 1, 1981.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/AG/htm/AG.147.htm
- Text hash
- sha256 7680f52576b968015bc8e833d5d2f6a53f7b2e268a4a2cc2c38fd3a0223aeb68
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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