Tex. Nat. Res. Code § 134.126 · Subchapter F. BONDS AND DEPOSITS
SECURITY FOR BOND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The applicant and a corporate surety licensed to do business in this state shall execute the bond unless the applicant elects to deposit security under Subsection (b).
(b) The applicant may elect to deposit as security for the performance of the applicant's obligations under the bond:
(1) cash;
(2) negotiable bonds of the United States government or the state; or
(3) negotiable certificates of deposit of a bank organized or transacting business in the United States.
(c) The cash deposit or market value of the securities deposited under Subsection (b) must equal or exceed the amount of the bond required for the bonded area.
Notes and commentary — not statutory text
History
Added by Acts 1995, 74th Leg., ch. 76, Sec. 12.02(a), eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.134.htm
- Text hash
- sha256 1ddaeb1b90b6ff08a210625eeadd10e7535b7a11139a1a2eac539549df45081b
- 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.