Texas § BC.52.053 - CASH DEPOSIT INSTEAD OF BOND
Full text of Texas The Texas Constitution § BC.52.053 — CASH DEPOSIT INSTEAD OF BOND, with citation guidance and answers to common questions.
§ BC.52.053. CASH DEPOSIT INSTEAD OF BOND
CASH DEPOSIT INSTEAD OF BOND. Instead of furnishing the bond required by Section 52.051 , the invention developer may provide for, in an amount equal to the amount of the bond required: (1) cash deposited with the secretary of state; (2) a certificate of deposit payable to the secretary of state and issued by a bank that is: (A) transacting business in this state; and (B) insured by the Federal Deposit Insurance Corporation; (3) an investment certificate of a share account assigned to the secretary of state and issued by a savings and loan association that is: (A) transacting business in this state; and (B) insured by the Federal Deposit Insurance Corporation; or (4) a bearer bond issued by the United States government or this state. Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 2.01, eff. April 1, 2009. SUBCHAPTER C. INVENTION DEVELOPMENT SERVICES CONTRACT
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BC.52.053
What does The Texas Constitution § BC.52.053 cover?
Section BC.52.053 ("CASH DEPOSIT INSTEAD OF 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 § BC.52.053?
A common citation format is "The Texas Constitution § BC.52.053" (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 § BC.52.053 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.