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Texas Property Code - PROP § 62.125. Action on Bond

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) A party making or holding a lien claim may not sue on the bond later than the last date on which a person may bring a suit to foreclose the lien under Section 62.062.

(b) The bond is not exhausted by one action against it. Each named obligee or assignee of an obligee may maintain a separate suit on the bond in any district court for the county in which the commercial real estate is located.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 62.125. Action on Bond - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-62-125/

Read this complete Texas Property Code - PROP § 62.125. Action on Bond on Westlaw. Westlaw subscription required.

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