Sec. 116.052. PERSONAL BOND. (a) One or more personal bonds executed and filed with the commissioners court, payable to the county judge and the judge's successors in office, qualify as security under this subchapter if:
(1) the bonds are signed by at least five solvent sureties who own unencumbered real property in the state that is not exempt from execution under the constitution and other laws of this state;
(2) the unencumbered and nonexempt real property owned by the sureties has a value at least equal to the amount of the bonds; and
(3) the bonds are approved by the commissioners court.
(b) When a bond is filed for approval with the commissioners court under Subsection (a), the sureties shall also file a statement containing:
(1) a description of the unencumbered and nonexempt real property sufficient to identify it on the ground; and
(2) the value of each tract of real property listed, including the value of the improvements on the property.
(c) After the commissioners court approves a personal bond, it shall be filed in the county clerk's office with the statement of the sureties attached to the bond.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
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