Tex. Occ. Code § 702.153 · Subchapter D. SECURITY REQUIREMENTS
REQUIREMENTS FOR SECURITY OTHER THAN SURETY BOND.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
An applicant who posts under Section 702.151 security other than a surety bond is:
(1) not required to post other security annually if the applicant maintains security in the amount of $20,000; and
(2) entitled to receive the interest that accumulates on the other security posted.
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.702.htm
- Text hash
- sha256 f4ff2ae20a599fb19f485baf18ac03e564d951605b90ec1e3f61dd94e69e33b7
- 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
This section cites
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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.