If valid claims against the bond exceed the penal sum of the bond, each claimant is entitled to a pro rata share of the penal sum.
Official text of the Texas Property Code as published by the Texas Legislative Council.
Property Code › Title 5 › Chapter 53 › Subchapter I
Texas Property Code § 53.210
Claims in Excess of Bond Amount
Mechanic's, Contractor's, or Materialman's Lien · Bond to Pay Liens or Claims
Legislative history
Acts 1983, 68th Leg., p. 3553, ch. 576, Sec. 1, eff. Jan. 1, 1984.