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Current as of January 01, 2024 | Updated by FindLaw Staff
A court may refuse to make or may vacate an order to rehabilitate under this subchapter if the provider posts a bond that is:
(1) in an amount determined by the court to be equal to the reserve funding needed to fulfill the provider's obligations under its continuing care contracts at the facility;
(2) issued by a recognized surety authorized to do business in this state; and
(3) executed in favor of the state on behalf of all persons entitled to refunds of entrance fees from the provider or other damages if the provider is unable to fulfill its continuing care contracts at the facility.
Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 246.095. Bond - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-246-095/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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