Tex. Occ. Code Section 1801.055
Suit on Bond

(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.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1801.055 — Suit on Bond, https://statutes.­capitol.­texas.­gov/Docs/OC/htm/OC.­1801.­htm#1801.­055 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 1801.055’s source at texas​.gov