Sec. 14A.004. BOND. (a) A person receiving a certificate to transact business shall file a bond with the county clerk granting the certificate.
(b) The bond must be:
(1) payable to the State of Texas;
(2) of good and sufficient surety;
(3) conditioned on faithful performance of the applicant's duty as a public warehouse operator; and
(4) in the amount of $5,000.
(c) A bond is subject to approval by the county clerk and the clerk shall file approved bonds in the clerk's office.
Renumbered from Sec. 14.206 and amended by Acts 2001, 77th Leg., ch. 1124, Sec. 1, eff. Sept. 1, 2001.
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