Sec. 53.210. CLAIMS IN EXCESS OF BOND AMOUNT. If valid claims against the bond exceed the penal sum of the bond, each claimant is entitled to a pro rata share of the penal sum.
Acts 1983, 68th Leg., p. 3553, ch. 576, Sec. 1, eff. Jan. 1, 1984.
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