Tex. Gov't Code § 1201.024 · Subchapter B. ISSUANCE AND APPROVAL OF PUBLIC SECURITY
FORM OF PUBLIC SECURITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A public security may be:
(1) issued in a specified form or forms;
(2) issued with one or more interest coupons;
(3) registrable as to principal and interest or only as to principal; and
(4) changed in form in a specific manner.
(b) A public security issued with one or more interest coupons may have:
(1) a specified form of a coupon; and
(2) a form of a coupon that may be changed in a specified manner.
(c) An issuer may provide that a public security:
(1) has a coupon and is not registrable;
(2) has a coupon and is registrable only as to principal;
(3) is fully registrable; or
(4) initially has a coupon but may become a fully registrable security under Section 1203.041.
(d) An issuer may provide that public securities of the same issue or series are:
(1) of one or more types described by Subsection (c); and
(2) exchangeable in whole or in part for one or more of those types.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1201.htm
- Text hash
- sha256 36b331ded80737e679265a3fc1d562d00dc3d544b67d4433b223f31f91ec8028
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.