Sec. 147.029. INSOLVENCY OF SURETY. 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.
Acts 1981, 67th Leg., p. 1381, 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