Tex. Agric. Code Section 41.210
Reimbursement of Board by Grain Buyer; Subrogation of Rights; Reinsurance

(a)

If the board pays a claim against a grain buyer, the board is subrogated to the extent of the amount paid to a grain producer by the board to all rights of the grain producer against the grain buyer and any other entity from which the grain producer is entitled to a payment for the loss giving rise to the grain producer’s claim under this subchapter.

(b)

Funds recovered under this section shall be deposited with the depository bank selected by the board under Section 41.060 (Depository Bank; Expenditure of Funds).

(c)

The board may purchase reinsurance policies to mitigate the board’s financial risks.
Added by Acts 2011, 82nd Leg., R.S., Ch. 991 (H.B. 1840), Sec. 3, eff. September 1, 2011.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 33 (S.B. 1099), Sec. 8, eff. May 19, 2015.

Source: Section 41.210 — Reimbursement of Board by Grain Buyer; Subrogation of Rights; Reinsurance, https://statutes.­capitol.­texas.­gov/Docs/AG/htm/AG.­41.­htm#41.­210 (accessed Apr. 20, 2024).

41.001
Policy 41.002
Definitions 41.011
Petition for Certification 41.012
Certification by Commissioner 41.021
Certified Organization to Conduct Referendum and Election 41.022
Rules of Commissioner 41.023
Notice of Referendum and Election 41.024
Basis of Referendum and Election 41.025
Candidates for Board 41.026
Preparation and Distribution of Ballot 41.027
Expenses of Election 41.028
Exemptions for Producers 41.029
Void Ballots 41.030
Findings of Commissioner 41.031
Certification of Results 41.032
Subsequent Board Elections 41.033
Election of Board from Districts 41.034
Elections to Add New Territory 41.051
Board Established 41.052
State Agency 41.053
Organizational Meeting 41.054
Officers 41.055
Vacancy 41.056
Majority Vote Requirement 41.057
Compensation 41.058
Powers and Duties 41.059
Budget 41.060
Depository Bank 41.061
Meetings by Telephone Conference Call 41.081
Collection of Assessment 41.082
Producer Exemption 41.083
Producer Refunds 41.084
Increase of Assessment 41.085
Discontinuance of Assessment 41.101
Failure to Remit Assessment 41.102
Suspension or Revocation of License 41.103
General Penalty 41.104
Use of Funds for Political Activity 41.125
Inactive Status 41.126
Powers and Duties 41.127
Reactivation 41.128
Texas Grain Producer Indemnity Board 41.151
Definitions 41.152
Declaration of Policy 41.153
Administrative Costs 41.154
Annual Report 41.155
Conflict with General Commodity Law Provisions 41.156
Council Members 41.157
General Powers of Council 41.158
Donations 41.159
Borrowing 41.160
Assessments 41.161
Financial Oversight 41.162
Conduct of Referendum 41.163
Rules 41.164
Penalties 41.201
Definitions 41.202
Declaration of Policy 41.203
Conflict with General Commodity Law Provisions 41.204
Board 41.205
Powers and Duties of Board 41.206
Collection of Assessment 41.207
Assessments 41.208
Initiation of Claim 41.209
Payment of Claim 41.210
Reimbursement of Board by Grain Buyer 41.211
Rules 41.212
Referendum 41.213
Notice of Referendum 41.215
Annual Report 41.216
Administrative Review 41.1011
Action by Department 41.1565
Meetings by Telephone Conference Call 41.1571
State Beef Check Off Program 41.2035
Fund 41.2145
Refund of Assessments
Green check means up to date. Up to date

Accessed:
Apr. 20, 2024

§ 41.210’s source at texas​.gov