Tex. Occ. Code § 2052.109 · Subchapter C. LICENSING, REGISTRATION, AND PERMITS
SURETY BOND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A surety bond required under this subchapter must:
(1) be issued by a company authorized to conduct business in this state;
(2) comply with the applicable requirements of the Insurance Code;
(3) be payable to the state for use by the state or a political subdivision that establishes that the boxing or wrestling promoter is liable to it for damages, penalties, taxes, or other expenses resulting from promotional activities conducted in this state; and
(4) be open to more than one claim, except that the claims may not exceed the face value of the bond.
(b) A person required to file a surety bond under this subchapter shall file a new bond annually.
(c) A company that issues a bond shall notify the department in writing of the cancellation of the bond not later than the 30th day before the date on which the bond is canceled.
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.2052.htm
- Text hash
- sha256 8c6e5a540c64e27a4358de48a24c2e1e642617786941e3729c019d6356fb0ca2
- 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.