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Tex. Occupations Code § 1801.055

SUIT ON BOND

Texas · Texas Occupations Code · Status: effective

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Tex. Occupations Code § 1801.055, SUIT ON BOND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/703272
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(a) A person damaged by a breach of a condition of the bond may bring suit and recover under the bond. (b) The suit shall be filed in the county in which the bond is filed. (c) A bond is not void on first recovery and may be sued on until the total amount is exhausted. (d) If the amount of the bond is reduced to $1,500 or less, the commission merchant shall file a new bond in an amount equal to $3,000. The new bond is liable for all future contracts entered into by the commission merchant and a consignor. (e) A commission merchant who does not file a new bond under Subsection (d) may not do business in this state.