Tex. Lab. Code § 407.128 · Subchapter G. TEXAS CERTIFIED SELF-INSURER GUARANTY ASSOCIATION
POSSESSION OF SECURITY BY ASSOCIATION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
On the assumption of obligations by the association under the commissioner's determination, the association is entitled to immediate possession of any deposited security, and the custodian, surety, or issuer of an irrevocable letter of credit shall deliver the security to the association with any accrued interest.
Notes and commentary — not statutory text
History
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.
Amended by:
Acts 2005, 79th Leg., Ch. 265 (H.B. 7), Sec. 3.068, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LA/htm/LA.407.htm
- Text hash
- sha256 01e67136010941672706f108f6b9018f75e708aa3cbba4f676b002310413833c
- 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.