Texas § NR.131.205 - SECURITY FOR BOND
Full text of Texas The Texas Constitution § NR.131.205 — SECURITY FOR BOND, with citation guidance and answers to common questions.
§ NR.131.205. SECURITY FOR BOND
SECURITY FOR BOND. (a) The bond shall be executed by the operator and a corporate surety licensed to do business in this state, or the operator may elect to deposit cash or negotiable securities acceptable to the commission, or an assignment of a savings account in a Texas bank on an assignment deposit form prescribed by the commission's rules. (b) A cash deposit or market value of the substitute collateral shall be equal to or greater than the amount of the bond required for the bonded area. (c) Cash or other substitute collateral shall be deposited on the same terms as the terms on which surety bonds may be deposited. Acts 1977, 65th Leg., p. 2627, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Frequently Asked Questions About Texas § NR.131.205
What does The Texas Constitution § NR.131.205 cover?
Section NR.131.205 ("SECURITY FOR BOND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § NR.131.205?
A common citation format is "The Texas Constitution § NR.131.205" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § NR.131.205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.