Any person, including any firm, partnership, joint stock association, corporation, or other organization, required to file an organization report under Section 91. 142 of this code shall execute and file with the commission a bond, letter of credit, or cash deposit.
Tex. Nat. Res. Code § 91.103
PERSONS REQUIRED TO EXECUTE BOND, LETTER OF CREDIT, OR CASH DEPOSIT
Applied in 2 court decisions — leading case Securities & Exchange Commission v. First Choice Management Services, Inc. (2012)
Most recently applied in Securities & Exchange Commission v. First Choice Management Services, Inc. (March 2013)
Acts 1977, 65th Leg., p. 2564, ch. 871, art
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.