Texas Alcoholic Beverage Code 204.05 – Cancellation of Bond
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Terms Used In Texas Alcoholic Beverage Code 204.05
- Commission: means the Texas Alcoholic Beverage Commission. See Texas Alcoholic Beverage Code 1.04
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
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.