Texas Property Code

§ 53.202 — BOND REQUIREMENTS

PR § 53.202Title 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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The bond must:

(1)be in a penal sum at least equal to the total of the original contract amount;

(2)be in favor of the owner;

(3)have the written approval of the owner endorsed on it;

(4)be executed by:

(A)the original contractor as principal; and

…

Legislative history

Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.158, eff. September 1, 2005.