Tex. Prop. Code § 62.122 · Subchapter G. BOND TO INDEMNIFY AGAINST LIEN
BOND REQUIREMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The bond must:
(1) describe the commercial real estate on which the lien is claimed;
(2) refer to the lien claimed in a manner sufficient to identify it;
(3) be in an amount that is double the amount of the lien referred to in the bond as of the date of execution of the bond by the surety, unless the total amount claimed in the lien exceeds $40,000, in which case the bond must be in an amount that is 1-1/2 times the amount of the lien;
(4) be payable to the party claiming the lien;
(5) be executed by:
(A) the party filing the bond as principal; and
(B) a corporate surety licensed by this state to execute the bond as surety;
(6) be conditioned substantially that the principal and sureties will pay the named obligees or their assignees the amount that the named obligees would have been entitled to recover if their claim had been proved to be valid and enforceable liens on the commercial real estate; and
(7) identify the last known mailing address of the person claiming the lien.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.62.htm
- Text hash
- sha256 3c3a6f8d3ae166cdb7a78d4eb629f2174071e775c55e3374d63b31ea17c569e4
- 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.