Tex. Occ. Code § 1801.055 · Subchapter B. BOND
SUIT ON BOND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person damaged by a breach of a condition of the bond may bring suit and recover under the bond.
(b) The suit shall be filed in the county in which the bond is filed.
(c) A bond is not void on first recovery and may be sued on until the total amount is exhausted.
(d) If the amount of the bond is reduced to $1,500 or less, the commission merchant shall file a new bond in an amount equal to $3,000. The new bond is liable for all future contracts entered into by the commission merchant and a consignor.
(e) A commission merchant who does not file a new bond under Subsection (d) may not do business in this state.
Notes and commentary — not statutory text
History
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1801.htm
- Text hash
- sha256 4e6d54a08baea2d81d31d34fa4c247028824b7763c03eb41ec1fbd15a085d3ea
- 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.