Texas Property Code

§ 53.201 — BOND

PR § 53.201Title 5. EXEMPT PROPERTY AND LIENS · Part B. LIENS · Ch. 53. MECHANIC'S, CONTRACTOR'S, OR MATERIALMAN'S LIEN · Art. I. BOND TO PAY LIENS OR CLAIMS

Statute text

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(a)An original contractor who has a written contract with the owner may furnish at any time a bond for the benefit of claimants.

(b)If a valid bond is filed, a claimant may not file suit against the owner or the owner's property and the owner is relieved of obligations under Subchapter D or E.

Legislative history

Acts 1983, 68th Leg., p. 3551, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1997, 75th Leg., ch. 526, Sec. 22, eff. Sept. 1, 1997.