Texas § PR.53.172 - BOND REQUIREMENTS
Full text of Texas The Texas Constitution § PR.53.172 — BOND REQUIREMENTS, with citation guidance and answers to common questions.
§ PR.53.172. BOND REQUIREMENTS
BOND REQUIREMENTS. The bond must: (1) describe the property on which the liens are claimed; (2) refer to each lien claimed in a manner sufficient to identify it; (3) be in an amount that is double the amount of the liens referred to in the bond unless the total amount claimed in the liens exceeds $40,000, in which case the bond must be in an amount that is the greater of 1-1/2 times the amount of the liens or the sum of $40,000 and the amount of the liens; (4) be payable to the parties claiming the liens; (5) be executed by: (A) the party filing the bond as principal; and (B) a corporate surety authorized and admitted to do business under the law in this state and licensed by this state to execute the bond as surety, subject to Subchapter A , Chapter 3503 , Insurance Code; and (6) be conditioned substantially that the principal and sureties will pay to the named obligees or to their assignees the amount that the named obligees would have been entitled to recover if their claims had been proved to be valid and enforceable liens on the property. Acts 1983, 68th Leg., p. 3549, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1989, 71st Leg., ch. 1138, Sec. 25, eff. Sept. 1, 1989; Acts 1997, 75th Leg., ch. 1132, Sec. 2, eff. Sept. 1, 1997. Amended by: Acts 2023, 88th Leg., R.S., Ch. 291 (S.B. 1768 ), Sec. 6, eff. May 29, 2023.
Frequently Asked Questions About Texas § PR.53.172
What does The Texas Constitution § PR.53.172 cover?
Section PR.53.172 ("BOND REQUIREMENTS") 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 § PR.53.172?
A common citation format is "The Texas Constitution § PR.53.172" (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 § PR.53.172 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.