Tex. Ins. Code § 2206.204 · Subchapter E. BOARD OF TRUSTEES
PERFORMANCE BOND REQUIRED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Each board member and each board employee who has authority over money in the fund or money collected or invested by the pool shall execute a bond in an amount determined by the board. The bond must be payable to the pool and conditioned on the faithful performance of the person's duties.
(b) The pool shall pay the cost of a bond executed under Subsection (a).
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2206.htm
- Text hash
- sha256 17650f0b29d891a39a2a9cd21b1827d8b717cf18a2fc5b9fcc95bc18a4a8234a
- 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.