Tex. Gov't Code § 1202.006 · Chapter 1202. EXAMINATION AND REGISTRATION OF PUBLIC SECURITIES
VALIDITY AND INCONTESTABILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A public security and any contract the proceeds of which are pledged to the payment of the public security are valid and incontestable in a court or other forum and are binding obligations for all purposes according to their terms:
(1) after the public security is approved by the attorney general and registered by the comptroller; and
(2) on issuance of the public security.
(b) In any action brought to enforce the collection of county or municipal bonds that are payable from ad valorem taxes and that have been approved by the attorney general and registered by the comptroller, the certificate of the attorney general shall be admitted as evidence of the validity of the bonds and the interest coupons pertaining to the bonds.
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.1202.htm
- Text hash
- sha256 c8c0ed6b0bf0b3d2c05a606be539c02ae7637a2bca52c9ecc58b76d67f9be404
- 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
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.