Sec. 116.155. FAILURE OF DEPOSITORY TO PAY CHECK OR ORDER FOR PAYMENT. A depository that does not pay a check or order for payment as required by Section 116.116(a) is liable for and shall pay to the holder 10 percent of the amount of the check or order for payment, and the commissioners court shall revoke the order creating the depository.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 606 (S.B. 373), Sec. 26, eff. September 1, 2011.
Structure Texas Statutes
Chapter 116 - Depositories for County Public Funds
Section 116.151. Liabilities of Sureties on Separate Bonds
Section 116.152. Subrogation of Sureties
Section 116.153. Pro Rata Recovery by State and County
Section 116.154. Liability of Depository Pending Collection of Deposits
Section 116.155. Failure of Depository to Pay Check or Order for Payment