Sec. 116.086. SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES. Whenever the commissioners court considers it necessary for the protection of the county, the commissioners court may investigate the solvency of a surety company that issues a bond on behalf of a depository of county funds or investigate the value of securities pledged by a depository to secure county funds.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Chapter 116 - Depositories for County Public Funds
Subchapter D. Maintenance and Modification of Security
Section 116.082. Substitution of Securities
Section 116.083. Release of Excess Security
Section 116.084. Inadequate Security
Section 116.085. Solvency of Personal Surety
Section 116.086. Solvency of Surety Company and Adequacy of Securities
Section 116.087. Additional Bond