Tex. Gov't Code § 1206.023 · Subchapter B. REPLACEMENT PROCEDURES AS PRESCRIBED IN ORIGINAL PUBLIC SECURITY AUTHORIZATION
EXCEPTION TO APPROVAL REQUIREMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the duty to replace a public security or interest coupon is imposed on a corporate trustee under a trust agreement or indenture or on a paying agent for the public security, the attorney general is not required to approve and the comptroller is not required to register:
(1) the replacement public security or interest coupon; or
(2) the public security delivered on exchange of the previously issued public security.
(b) A replacement public security or interest coupon is valid and incontestable in the same manner and with the same effect as the previously issued public security.
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 7b30d89185f58e33c5ca288e28e734bf15aff1d984b329ffab821c1a6f286b90
- 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.