131.203 – BOND WITHOUT SURETY. The commission may accept
Texas Natural Resources Code § 131.203
Summary
This law allows operators to provide their own bond without needing a separate surety if they can prove financial stability and have a designated agent for service of process. It primarily affects operators seeking to self-insure or bond their obligations under the commission's oversight.
Operators can bond themselves without a surety.
Requires proof of financial solvency and continuous operation.
An agent for service of process must be designated.
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In simple terms: Learn about Texas's BOND WITHOUT SURETY. The commission may accept 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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