Texas § OC.702.157 - LIMIT ON LIABILITY OF SURETY OR OBLIGOR
Full text of Texas The Texas Constitution § OC.702.157 — LIMIT ON LIABILITY OF SURETY OR OBLIGOR, with citation guidance and answers to common questions.
§ OC.702.157. LIMIT ON LIABILITY OF SURETY OR OBLIGOR
LIMIT ON LIABILITY OF SURETY OR OBLIGOR. (a) The limit of a surety's or obligor's liability stated in the security filed or posted under this subchapter may not be cumulative from year to year or period to period, regardless of the number of: (1) years that the security continues in force; or (2) premiums paid or payable. (b) The liability of a surety or obligor is exclusively conditioned on a final administrative order issued by the secretary of state. (c) Security filed or posted under this subchapter is subject to a claim only as provided by this subchapter. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § OC.702.157
What does The Texas Constitution § OC.702.157 cover?
Section OC.702.157 ("LIMIT ON LIABILITY OF SURETY OR OBLIGOR") 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.702.157?
A common citation format is "The Texas Constitution § OC.702.157" (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.702.157 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.