1. (a) The bond protects all persons with a claim that is:

   1. (1) perfected in the manner prescribed for fixing a lien under Subchapter C; or
   2. (2) perfected in the manner prescribed by Section 53.206.
2. (b) A claim or the rights to a claim under the bond may be assigned.

Acts 1983, 68th Leg., p. 3552, ch. 576, Sec. 1, eff. Jan. 1, 1984.

Amended by Acts 1999, 76th Leg., ch. 889, Sec. 5, eff. Sept. 1, 1999.

Acts 2021, 87th Leg., R.S., Ch. 690 (H.B. 2237), Sec. 26, eff. January 1, 2022.