Tex. Educ. Code § 51.160 · Subchapter D. INFORMATION NETWORK ASSOCIATIONS
BOND OF OFFICER, AGENT, OR EMPLOYEE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The general manager and every agent or employee of the association charged with the collection, custody, or payment of any money of the association shall execute a bond conditioned on the faithful performance of his duties.
(b) The board shall approve the form, amount, and surety of the bond.
(c) The surety may be a surety company authorized to do business in this state.
(d) The association shall pay the premium on the bond.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.51.htm
- Text hash
- sha256 6b414fe264cfaafb6d4482a8cc38c57253c37d1214caa09199e60f8422211189
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.