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Texas Natural Resources Code

§ 85.249 — CONDITIONS OF BOND

NR § 85.249Title 3. OIL AND GAS · Part B. CONSERVATION AND REGULATION OF OIL AND GAS · Ch. 85. CONSERVATION OF OIL AND GAS · Art. G. SUITS CHALLENGING THE VALIDITY OF LAWS AND ORDERS

Statute text

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(a)In determining the amount of the bond, the judge shall consider all facts and circumstances surrounding the parties and the ability of the plaintiff to make the bond so that the judge can determine the amount and reasonableness of the bond under the facts and circumstances.
(b)A bond made or executed by a bonding or surety company shall be by a company authorized to do business in Texas.
(c)The bond shall be approved by the judge and shall be for the use and benefit of and may be sued on by any person named in the order who suffers damage as a result of violation of the law, rule, or order.

Legislative history

Acts 1977, 65th Leg., p. 2525, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 85.249 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.