Texas § OC.402.404 - SURETY BONDING
Full text of Texas The Texas Constitution § OC.402.404 — SURETY BONDING, with citation guidance and answers to common questions.
§ OC.402.404. SURETY BONDING
SURETY BONDING. (a) A sole proprietor, partnership, corporation, or other legal entity engaged in the fitting and dispensing of hearing instruments shall file with the department security in a form provided by Subsection (b) in the amount of $10,000 and conditioned on the promise to pay all: (1) taxes and contributions owed to the state and political subdivisions of the state by the entity; and (2) judgments that the entity may be required to pay for: (A) negligently or improperly dispensing hearing instruments; or (B) breaching a contract relating to the dispensing of hearing instruments. (b) The security may be a bond, a cash deposit, or another negotiable security acceptable to the department. (c) A bond required by this section remains in effect until canceled by action of the surety, the principal, or the department. A person must take action on the bond not later than the third anniversary of the date the bond is canceled. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2015, 84th Leg., R.S., Ch. 838 (S.B. 202 ), Sec. 1.122, eff. September 1, 2015.
Frequently Asked Questions About Texas § OC.402.404
What does The Texas Constitution § OC.402.404 cover?
Section OC.402.404 ("SURETY BONDING") 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 § OC.402.404?
A common citation format is "The Texas Constitution § OC.402.404" (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 § OC.402.404 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.