Tex. Labor Code § 407A.461
This is the official text of Tex. Labor Code § 407A.461, part of Texas’s Labor Code — governs wages, workplace safety, and workers' compensation.
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§ 407A.461. POSSESSION OF SECURITY BY GUARANTY FUND.
Official statutory text
On the assumption of obligations on behalf of an insolvent group by the guaranty fund under the commissioner's determination, the guaranty fund is entitled to immediate possession of any assets of the insolvent group and any security deposited or the proceeds of any surety bond deposited by the insolvent group, along with all interest on the security. All assessments from members of the insolvent group shall be paid to the guaranty fund.
Status: in_force · Read it on the official government site
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