Sec. 702.154. BENEFICIARY OF SECURITY. The security filed or posted by a certificate holder under this subchapter must be payable to the state and held for the benefit of:
(1) the state; and
(2) each member of the certificate holder's health spa who has been administratively adjudicated to have suffered actual financial loss as a result of the closing of the certificate holder's health spa.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle M - Regulation of Other Health Professions
Subchapter D. Security Requirements
Section 702.151. Security Required
Section 702.152. Surety Bond Requirements
Section 702.153. Requirements for Security Other Than Surety Bond
Section 702.154. Beneficiary of Security
Section 702.155. Duration of Security
Section 702.156. Notice of Cancellation of Security