Texas Agriculture Code

§ 14.032 — ADDITIONAL BOND

AG § 14.032Title 2. DEPARTMENT OF AGRICULTURE · Ch. 14. REGULATION OF PUBLIC GRAIN WAREHOUSE OPERATORS · Art. D. BONDING

Statute text

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(a)If the department determines that an approved bond is insufficient, the department shall require the warehouse operator to give additional bond.

(b)If a license has been suspended or revoked or has expired, the department may require a bond from the warehouse operator to protect depositors of grain for as long as any receipts or open storage accounts remain outstanding.

Legislative history

Acts 1981, 67th Leg., p. 1049, ch. 388, Sec. 1, eff. Sept. 1, 1981. Renumbered from Sec. 14.012 and amended by Acts 2001, 77th Leg., ch. 1124, Sec. 1, eff. Sept. 1, 2001.