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Home > Title 1 > Part 4 > Chapter 105 >Subchapter C > Rule 105.207
TITLE 1 - ADMINISTRATION
PART 4 - OFFICE OF THE SECRETARY OF STATE
CHAPTER 105 - SOLICITATIONS
SUBCHAPTER C - TELEPHONE SOLICITATIONS
SECTION/RULE §105.207 - Bond Payout Procedures
Chapter Review Date 05/17/2012

If the amount claimed exceeds the amount of the bond, the surety shall deposit the amount of the bond with the secretary of state for distribution to claimants entitled to recovery. The secretary of state shall pay the claims on a pro rata basis by dividing the amount of the security by the total amount of the claims, in order to determine a percentage to be applied to each claim.

Source Note: The provisions of this §105.207 adopted to be effective October 16, 1995, 20 TexReg 7973; amended to be effective January 1, 2010, 34 TexReg 9177.

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