Instead of furnishing the bond required by Section 52.051, the invention developer may provide for, in an amount equal to the amount of the bond required:

1. (1) cash deposited with the secretary of state;

2. (2) a certificate of deposit payable to the secretary of state and issued by a bank that is:

   1. (A) transacting business in this state; and
   2. (B) insured by the Federal Deposit Insurance Corporation;

3. (3) an investment certificate of a share account assigned to the secretary of state and issued by a savings and loan association that is:

   1. (A) transacting business in this state; and
   2. (B) insured by the Federal Deposit Insurance Corporation; or

4. (4) a bearer bond issued by the United States government or this state.

   Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.