Klevenhagen v. International Fidelity Insurance Co.

OPINION

COHEN, Justice.

We must decide whether Tex.Rev.Civ.Stat. Ann. art. 2872p-3, § 6(f)(3) (Vernon Supp. 1993), requires corporate sureties to post letters of credit securing 100 percent of the face value of bail bonds. We hold it does not.

The facts are undisputed. On January 27, 1992, the sheriff of Harris County, Johnny Klevenhagen, notified all corporate sureties writing bail bonds in Harris County that, pursuant to article 2372p-3, section 6(f)(3), he would not accept their bonds unless they were secured to 100 percent of face value by an irrevocable letter of credit.

Appellees, corporate…