(a) A person damaged by a breach of a condition of the bond may bring suit and recover
under the bond.
(b) The suit shall be filed in the county in which the bond is filed.
(c) A bond is not void on first recovery and may be sued on until the total amount
(d) If the amount of the bond is reduced to $1,500 or less, the commission merchant
shall file a new bond in an amount equal to $3,000. The new bond is liable for all future contracts entered into by the commission merchant
and a consignor.
(e) A commission merchant who does not file a new bond under Subsection (d) may not
do business in this state.
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