204.05 – CANCELLATION OF BOND. The commission may not
Texas Alcoholic Beverage Code § 204.05
Summary
This law prohibits the cancellation of a surety bond by the commission until all liabilities to the state are fully paid by the surety company. It ensures that the state is protected from any unpaid obligations before a bond can be canceled.
Cancellation requires full payment of liabilities by the surety company.
Protects the state's interests regarding surety bonds.
Ensures compliance before bond cancellation is permitted.
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In simple terms: Learn about Texas's CANCELLATION OF BOND. The commission may not law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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