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Texas Civil Practice and Remedies Code

§ 43.005 — OFFICER TREATED AS SURETY

CP § 43.005Title 2. TRIAL, JUDGMENT, AND APPEAL · Part C. JUDGMENTS · Ch. 43. PRINCIPAL AND SURETY

Statute text

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(a)An officer has the rights of a surety provided by Section 43.004 if the officer is compelled to pay a judgment in whole or part because of the officer's default.
(b)An officer does not have the rights of a surety provided by Section 43.004 if the officer:
(1)does not pay over money collected; or
(2)wastes property that is levied on by the officer or is in the officer's possession.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.11, eff. April 1, 2009.

Source: Texas Civil Practice and Remedies Code § 43.005 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.