Local Government Code § 116.152
If a personal surety or surety company pays a county’s loss under a depository bond, it can step into the county’s rights, but only up to the amount secured by the surety when the depository defaulted.
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- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Language
- en
- Official source
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loss recovery subrogation
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Local Government Code § 116.152
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