Sec. 53.205. ENFORCEABLE CLAIMS. (a) The bond protects all persons with a claim that is:
(1) perfected in the manner prescribed for fixing a lien under Subchapter C or, if the claim relates to a residential construction project, under Subchapter K; or
(2) perfected in the manner prescribed by Section 53.206.
(b) A claim or the rights to a claim under the bond may be assigned.
Acts 1983, 68th Leg., p. 3552, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1999, 76th Leg., ch. 889, Sec. 5, eff. Sept. 1, 1999.
Section: Previous 53.173 53.174 53.175 53.201 53.202 53.203 53.204 53.205 53.206 53.207 53.208 53.210 53.211 53.231 53.232 NextLast modified: September 28, 2016