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Texas Special District Local Laws Code

§ 1063.059 — BOND; RECORD OF BOND

SD § 1063.059Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1063. MONTGOMERY COUNTY HOSPITAL DISTRICT · Art. B. DISTRICT ADMINISTRATION

Statute text

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(a)Each director shall execute a good and sufficient bond for $1,000 that is:
(1)payable to the district; and
(2)conditioned on the faithful performance of the director's duties.
(b)Each director's bond shall be deposited with the district's depository bank for safekeeping.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

Source: Texas Special District Local Laws Code § 1063.059 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.