Sec. 3503.001. DEFINITION. In this subchapter, "obligation" means a bond, undertaking, recognizance, guaranty, or other obligation that is by law or by a charter, ordinance, or rule of a municipality, board, body, organization, court, or public officer required or permitted to be made, given, tendered, or filed to guarantee the performance of an act, duty, or obligation or the refraining from an act.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.
Structure Texas Statutes
Chapter 3503 - Surety Bonds and Related Instruments
Subchapter A. Certain Required or Permitted Obligations
Section 3503.002. Execution of Obligation by Surety Company
Section 3503.003. Designation of Agent by Corporate Surety Required
Section 3503.004. Written Certification of Reinsurance as Condition of Acceptance of Obligation