Tex. Gov't Code § 1203.041 · Subchapter C. CONVERSION OR EXCHANGE OF PUBLIC SECURITY
CONVERSION OF PUBLIC SECURITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies to a public security only if the public security authorization relating to the security:
(1) provides for conversion of the security; and
(2) names the comptroller as registrar.
(b) A public security that is issued with one or more coupons becomes fully registrable if:
(1) the security is presented to the comptroller; and
(2) the comptroller removes each coupon.
(c) A public security that is issued as a fully registrable security becomes a security with one or more coupons if:
(1) the security is presented to the comptroller; and
(2) the comptroller attaches an unmatured coupon or coupons to the security.
(d) Attachment and removal of a coupon or coupons may occur successively from time to time.
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.1203.htm
- Text hash
- sha256 cbe49a23a21362bf859691bc50fc1f406f8900fb4eca5ee519f33a8495ea6541
- 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 § 1203.041. 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.