Texas Civil Practice & Remedies Code - Section 52.006. Amount Of Security For Money Judgment
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§ 52.006. AMOUNT OF SECURITY FOR MONEY JUDGMENT. (a)
Subject to Subsection (b), when a judgment is for money, the amount
of security must equal the sum of:
(1) the amount of compensatory damages awarded in the
judgment;
(2) interest for the estimated duration of the appeal;
and
(3) costs awarded in the judgment.
(b) Notwithstanding any other law or rule of court, when a
judgment is for money, the amount of security must not exceed the
lesser of:
(1) 50 percent of the judgment debtor's net worth; or
(2) $25 million.
(c) On a showing by the judgment debtor that the judgment
debtor is likely to suffer substantial economic harm if required to
post security in an amount required under Subsection (a) or (b), the
trial court shall lower the amount of the security to an amount that
will not cause the judgment debtor substantial economic harm.
(d) An appellate court may review the amount of security as
allowed under Rule 24, Texas Rules of Appellate Procedure, except
that when a judgment is for money, the appellate court may not
modify the amount of security to exceed the amount allowed under
this section.
(e) Nothing in this section prevents a trial court from
enjoining the judgment debtor from dissipating or transferring
assets to avoid satisfaction of the judgment, but the trial court
may not make any order that interferes with the judgment debtor's
use, transfer, conveyance, or dissipation of assets in the normal
course of business.
Added by Acts 2003, 78th Leg., ch. 204, § 7.02, eff. Sept. 1,
2003.
Section: 51.011 51.012 51.013 51.014 51.015 52.001 52.005 52.006 61.001 61.002 61.003 61.004 61.005 61.021 61.022
Last modified: August 11, 2007
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