Texas Property Code

§ 53.172 — BOND REQUIREMENTS

PR § 53.172Title 5. EXEMPT PROPERTY AND LIENS · Part B. LIENS · Ch. 53. MECHANIC'S, CONTRACTOR'S, OR MATERIALMAN'S LIEN · Art. H. BOND TO INDEMNIFY AGAINST LIEN

Statute text

View on source

The bond must:

(1)describe the property on which the liens are claimed;

(2)refer to each lien claimed in a manner sufficient to identify it;

(3)be in an amount that is double the amount of the liens referred to in the bond unless the total amount claimed in the liens exceeds $40,000, in which case the bond must be in an amount that is the greater of 1-1/2 times the amount of the liens or the sum of $40,000 and the amount of the liens;

(4)be payable to the parties claiming the liens;

(5)be executed by:

…

Legislative history

Acts 2023, 88th Leg., R.S., Ch. 291 (S.B. 1768), Sec. 6, eff. May 29, 2023.