Tex. Local Government Code § 116.152
This is the official text of Tex. Local Government Code § 116.152, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 116.152. SUBROGATION OF SURETIES.
Official statutory text
If a personal surety or a surety company pays for a loss to a county under a depository bond, the surety is subrogated to the rights of the county in an amount equal to the amount of the surety's payment. However, the amount of the subrogation may not exceed the amount of the deposit secured by the surety at the time of the depository's default.
Status: in_force · Read it on the official government site
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