(a) A corporation may not act as a bail bond surety in a county in which the corporation is in default on five or more bail bonds.
(b) If a corporation defaults on a bail bond, the clerk of the court in which the corporation executed the bond shall deliver a written notice of the default to:
(1) the sheriff;
(2) the chief of police; or
(3) another appropriate peace officer.
(c) For purposes of this section:
(1) a corporation is considered in default on a bail bond beginning on the 11th day after the date the trial court enters a final judgment on the scire facias and ending on the date the judgment is satisfied, set aside, or superseded; and
(2) a corporation is not considered in default on a bail bond if, pending appeal, the corporation deposits cash or a supersedeas bond in the amount of the final judgment with the court in which the bond is executed.
(d) A deposit made under Subsection (c)(2) shall be applied to the payment of a final judgment in the case.