(a) The bond protects all persons with a claim that is:
(1) perfected in the manner prescribed for fixing a lien under Subchapter C; or
(2) perfected in the manner prescribed by § 53.206.
(b) A claim or the rights to a claim under the bond may be assigned.

contract signature

Ask a real estate law question, get an answer ASAP!
Thousands of highly rated, verified real estate lawyers.
Specialties include: All Real Estate Law, Landlord and Tenant Law, Foreclosure, Homeowners' Association, Trespassing, Property Law, General Legal and more.
Click here to chat with a lawyer about your rights.

Terms Used In Texas Property Code 53.205

  • Lien: A claim against real or personal property in satisfaction of a debt.
  Previous section
Next section  
 Subchapter I Contents