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(a) The comptroller shall register a replacement bond received under Section 1206.004 in the same manner as the original bond was registered, giving it the same registration number as the original bond, except that the registration number must be preceded by the letter “R.”
(b) The comptroller shall date the registration certificate as of the date of registration of the replacement bond.
(c) Before registering a bond issued to replace a damaged bond, the comptroller shall cancel the bond being replaced and return that bond to the issuer. The comptroller shall register another bond authorized under this subchapter on certification from the attorney general that the bond is being issued to replace a lost, stolen, or destroyed bond.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1206.005. Registration - last updated April 14, 2021 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1206-005/
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