Texas Agriculture Code

§ 147.029 — INSOLVENCY OF SURETY

AG § 147.029Title 6. PRODUCTION, PROCESSING, AND SALE OF ANIMAL PRODUCTS · Part B. LIVESTOCK · Ch. 147. LIVESTOCK COMMISSION MERCHANTS · Art. B. BOND

Statute text

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If the county judge discovers that the surety on a bond is insolvent or determines that the surety is financially unable to make the bond sufficient, the county judge shall notify the commission merchant and the commission merchant shall execute a new bond in accordance with the requirements for the original bond.

Legislative history

Acts 1981, 67th Leg., p. 1381, ch. 388, Sec. 1, eff. Sept. 1, 1981.