The commission may not cancel a surety bond until the surety company has paid and discharged in full all of its liabilities on the bond to the state as of the date of cancellation.
Tex. Alco. Bev. Code § 204.05
CANCELLATION OF BOND
Acts 1977, 65th Leg., p. 542, ch. 194, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.