Instead of furnishing the bond required by Section 52.051, the invention developer may provide for, in an amount equal to the amount of the bond required:
(1) cash deposited with the secretary of state;
(2) a certificate of deposit payable to the secretary of state and issued by a bank that is:
(A) transacting business in this state; and
(B) insured by the Federal Deposit Insurance Corporation;
(3) an investment certificate of a share account assigned to the secretary of state and issued by a savings and loan association that is:
(A) transacting business in this state; and
(B) insured by the Federal Deposit Insurance Corporation; or
(4) a bearer bond issued by the United States government or this state.