Texas Administrative Code
Title 1 - ADMINISTRATION
Part 4 - OFFICE OF THE SECRETARY OF STATE
Chapter 78 - ATHLETE AGENTS
Subchapter B - SURETY BONDS AND AFFIDAVITS
Section 78.53 - Maintenance of Bond
Universal Citation: 1 TX Admin Code ยง 78.53
Current through Reg. 49, No. 12; March 22, 2024
(a) A bond filed under Occupations Code, Chapter 2051, and this chapter must be maintained for the duration of the registration term plus not less than two years after the later of:
(1) the date that the athlete agent
ceases to provide financial services to an athlete; or
(2) the date that the athlete agent's
certificate of registration terminates through expiration, surrender,
cancellation or revocation.
(b) Within thirty days of a bond being depleted, cancelled, or revoked, the agent must notify the Secretary of State in writing of the depletion, cancellation, or revocation and provide evidence that a replacement bond has been obtained or shall be subject to suspension pursuant to Occupations Code, § RSA 2051.152.
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