Sec. 702.155. DURATION OF SECURITY. A certificate holder shall maintain the security filed or posted under Section 702.151 in effect until the earlier of:
(1) the second anniversary of the date the certificate holder's health spa closes; or
(2) the date the secretary of state determines that each claim filed against the security has been satisfied or foreclosed by law.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1340 (S.B. 1231), Sec. 1, eff. September 1, 2011.
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