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Texas Statutes (Last Updated: January 4, 2014) |
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PROPERTY CODE |
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Title 5. EXEMPT PROPERTY AND LIENS |
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Subtitle B. LIENS |
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Chapter 53. MECHANIC'S, CONTRACTOR'S, OR MATERIALMAN'S LIEN |
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Subchapter I. BOND TO PAY LIENS OR CLAIMS |
Sec. 53.205. ENFORCEABLE CLAIMS
Latest version.
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(a) The bond protects all persons with a claim that is:
(1) perfected in the manner prescribed for fixing a lien under Subchapter C or, if the claim relates to a residential construction project, under Subchapter K; or
(2) perfected in the manner prescribed by Section 53.206.
(b) A claim or the rights to a claim under the bond may be assigned.
Acts 1983, 68th Leg., p. 3552, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1999, 76th Leg., ch. 889, Sec. 5, eff. Sept. 1, 1999.