Sec. 3503.151. VENUE OF SUIT ON CERTAIN BONDS OR OTHER OBLIGATIONS. (a) This section applies to:
(1) a bond or other obligation of an insurance company authorized to engage in business in this state and to act as surety and guarantor of the fidelity of employees, trustees, executors, administrators, guardians, or others appointed to, or assuming the performance of, any public or private trust under appointment of a court or tribunal, or under contract between private individuals or corporations; or
(2) a bond that may be required:
(A) to be filed in a judicial proceeding;
(B) to guarantee a contract or undertaking between:
(i) individuals;
(ii) private corporations;
(iii) individuals and corporations; or
(iv) individuals or private corporations and the state, a municipal corporation, or a county; or
(C) of a state, county, municipal, or district official, including a school district official.
(b) A proper court in the county in which a bond or other obligation described by Subsection (a) is filed has jurisdiction of a suit instituted on the bond or obligation.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.
Section: Previous 3503.051 3503.052 3503.053 3503.054 3503.055 3503.056 3503.057 3503.101 3503.151 3503.152 3503.153 3503.154 3503.201 3503.202 3503.203 NextLast modified: September 28, 2016