Tex. Occ. Code Section 1704.212
Effect of Default by Corporation; Notice Required

(a)

A corporation may not act as a bail bond surety in a county in which the corporation is in default on five or more bail bonds.

(b)

If a corporation defaults on a bail bond, the clerk of the court in which the corporation executed the bond shall deliver a written notice of the default to:

(1)

the sheriff;

(2)

the chief of police; or

(3)

another appropriate peace officer.

(c)

For purposes of this section:

(1)

a corporation is considered in default on a bail bond beginning on the 11th day after the date the trial court enters a final judgment on the scire facias and ending on the date the judgment is satisfied, set aside, or superseded; and

(2)

a corporation is not considered in default on a bail bond if, pending appeal, the corporation deposits cash or a supersedeas bond in the amount of the final judgment with the court in which the bond is executed.

(d)

A deposit made under Subsection (c)(2) shall be applied to the payment of a final judgment in the case.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1262, Sec. 10, eff. Sept. 1, 2001.

Source: Section 1704.212 — Effect of Default by Corporation; Notice Required, https://statutes.­capitol.­texas.­gov/Docs/OC/htm/OC.­1704.­htm#1704.­212 (accessed Jun. 5, 2024).

1704.001
Definitions 1704.002
Application of Chapter 1704.051
Mandatory Creation of Board 1704.052
Discretionary Creation of Board 1704.053
Board Composition 1704.054
Presiding Officer 1704.055
Meetings 1704.056
Quorum 1704.101
Administrative Authority 1704.102
Enforcement Authority 1704.103
Disbursements from County Fund 1704.104
Posting of Board Rule or Action 1704.105
Licensed Bail Bond Surety List 1704.107
Notification of License Suspension or Revocation 1704.108
Notification of Default by Corporation 1704.109
Solicitation and Advertisement 1704.151
License Required 1704.152
Eligibility 1704.153
Ineligibility Because of Criminal Conviction 1704.154
Application Requirements 1704.155
Real Property List 1704.156
Reappraisal of Real Property 1704.157
Preliminary Determinations 1704.158
Hearing on Application 1704.159
Decision on Application 1704.160
Security Requirements 1704.161
License Form 1704.162
License Expiration and Renewal 1704.163
Attorney Exemption 1704.201
Acceptance of License Holder Bail Bonds 1704.202
Record Requirements 1704.203
Bail Bond Limit 1704.204
Payment of Final Judgment 1704.205
Bail Bond Settlement 1704.206
Replacement of Security 1704.207
Surrender of Principal 1704.208
Bond Liability 1704.209
Bond Discharged on Appeal 1704.210
Withdrawal of Security 1704.211
Corporate Power of Attorney 1704.212
Effect of Default by Corporation 1704.213
Office Location 1704.251
Investigation 1704.252
Discretionary License Suspension or Revocation: Grounds 1704.253
Mandatory License Suspension or Revocation: Grounds 1704.254
Notice and Hearing 1704.255
Appeal 1704.256
Standard of Judicial Review 1704.257
Effect of Board Order 1704.301
Return of Security 1704.302
Prohibited Referrals of or Employments with Bonding Business 1704.303
Bail Bond Surety Activity 1704.304
Prohibited Recommendations or Solicitations 1704.305
Bail Bond Receipt and Inspection 1704.306
Records 1704.0535
Election of Certain Bail Bond Board Members 1704.2535
Failure to Pay Final Judgment by Bail Bond Surety
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1704.212’s source at texas​.gov