Tex. Agric. Code § 41.210 · Subchapter I. TEXAS GRAIN PRODUCER INDEMNITY BOARD
REIMBURSEMENT OF BOARD BY GRAIN BUYER; SUBROGATION OF RIGHTS; REINSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the board pays a claim against a grain buyer, the board is subrogated to the extent of the amount paid to a grain producer by the board to all rights of the grain producer against the grain buyer and any other entity from which the grain producer is entitled to a payment for the loss giving rise to the grain producer's claim under this subchapter.
(b) Funds recovered under this section shall be deposited with the depository bank selected by the board under Section 41.060.
(c) The board may purchase reinsurance policies to mitigate the board's financial risks.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 991 (H.B. 1840), Sec. 3, eff. September 1, 2011.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 33 (S.B. 1099), Sec. 8, eff. May 19, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/AG/htm/AG.41.htm
- Text hash
- sha256 34ea25e60c2dc97a2a6e782320001a034be2dab68addd412507d875a6ec43dc1
- 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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