Sec. 53.201. BOND. (a) An original contractor who has a written contract with the owner may furnish at any time a bond for the benefit of claimants.
(b) If a valid bond is filed, a claimant may not file suit against the owner or the owner's property and the owner is relieved of obligations under Subchapter D or E.
Acts 1983, 68th Leg., p. 3551, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1997, 75th Leg., ch. 526, Sec. 22, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 5 - Exempt Property and Liens
Chapter 53 - Mechanic's, Contractor's, or Materialman's Lien
Subchapter I. Bond to Pay Liens or Claims
Section 53.202. Bond Requirements
Section 53.203. Recording of Bond and Contract
Section 53.204. Reliance on Record
Section 53.205. Enforceable Claims
Section 53.206. Perfection of Claim
Section 53.207. Owner's Notice of Claim to Surety
Section 53.208. Action on Bond