Tex. Gov't Code § 1206.002 · Subchapter A. REPLACEMENT PROCEDURES IN ABSENCE OF PROCEDURES PRESCRIBED IN ORIGINAL BOND RESOLUTION, ORDER, OR ORDINANCE
ISSUANCE OF REPLACEMENT BOND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An issuer may, without an election, issue a bond:
(1) to be exchanged for a damaged bond; or
(2) to replace a destroyed, lost, or stolen bond.
(b) A replacement bond may be issued under this subchapter only for a bond that is outstanding and that was lawfully issued.
(c) A replacement bond issued under Subsection (a)(2) must be issued on indemnity satisfactory to:
(1) the issuer; and
(2) the trustee if the bond being replaced is secured by a trust indenture.
(d) An issuer may require an affidavit or another form of evidence satisfactory to the issuer to establish ownership and the circumstances of the damage, destruction, loss, or theft of the bond.
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.1206.htm
- Text hash
- sha256 c635608fa5abcbe33187cf953556aaa5baa8f0d8eb7e378c664b06f65c5d0ac5
- 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.