ACTION ON BOND
Applied in 1 court decision — leading case San Antonio Masonry & Tool Supply, Inc. v. Epstein & Sons International, Inc. (2005)
Most recently applied in San Antonio Masonry & Tool Supply, Inc. v. Epstein & Sons International, Inc. (June 2005)
Acts 1983, 68th Leg., p. 3550, ch. 576, Sec. 1, eff
(a) A party making or holding a lien claim may not sue on the bond later than one year after the date on which the notice is served or after the date on which the underlying lien claim becomes unenforceable under Section 53.158.
(b) The bond is not exhausted by one action against it. Each named obligee or assignee of an obligee may maintain a separate suit on the bond in any court of jurisdiction in the county in which the real property is located.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.