Section 41.054 - Officers; Bond(a) The board shall elect from its number a chairman, a secretary-treasurer, and other officers that it considers necessary.(b) The secretary-treasurer shall execute a corporate surety bond in an amount required by the board. The bond shall be conditioned on the secretary-treasurer faithfully accounting for all money that comes into the custody of the officer. The bond shall be filed with the commissioner.Tex. Agric. Code § 41.054
Acts 1981, 67th Leg., p. 1087, ch. 388, Sec. 1, eff. 9/1/1981.