Sec. 147.024. MORE THAN ONE PERSON UNDER SINGLE BOND. (a) If two or more commission merchants are employees or agents solely for one person, they may be covered by a single bond in an amount determined under Section 147.023 of this code on the basis of combined purchases and sales.
(b) Two or more commission merchants not subject to Subsection (a) of this section may be covered under a single bond in an amount not less than the aggregate amount of individual bonds required under Section 147.023 of this code.
Acts 1981, 67th Leg., p. 1380, ch. 388, Sec. 1, eff. Sept. 1, 1981.
Structure Texas Statutes
Title 6 - Production, Processing, and Sale of Animal Products
Chapter 147 - Livestock Commission Merchants
Section 147.021. Bond Required
Section 147.022. Terms and Conditions of Bond
Section 147.023. Amount of Bond
Section 147.024. More Than One Person Under Single Bond
Section 147.025. Approval of Bond by County Judge
Section 147.026. Recording of Bond and Statement of Sales