Tex. Gov't Code § 1201.061 · Subchapter D. CHANGE OR CONVERSION OF PUBLIC SECURITIES
CONVERSION, RECONVERSION, TRANSFER, OR EXCHANGE OF PUBLIC SECURITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The governing body of an issuer may:
(1) provide and covenant for:
(A) conversion of one form of a public security or an interest coupon to another form or forms; and
(B) reconversion of the public security or interest coupon to another form or forms; and
(2) provide procedures for transferring or exchanging a public security for a previously issued public security.
(b) A public security or an interest coupon may be converted, on request of a bearer or owner, in an aggregate principal amount equal to the unpaid principal amount of the public security being converted, bearing interest at the same rate or rates as the security being converted, to:
(1) a public security with interest coupons, payable to the bearer, and registrable as to principal and interest or only as to principal;
(2) a fully registered public security without interest coupons; or
(3) any other form, in any denomination.
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 4a2b766e4ca6f3e6c7d122d760037df402c994e44ae86bb844614115c930b11f
- 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
Cited by 2 provisions
Provisions in this library whose text cites Tex. Gov't Code § 1201.061. Each shows the citation as that text prints it.
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.