Tex. Transp. Code § 431.070 · Subchapter C. CORPORATE POWERS
BONDS AND NOTES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A corporation may issue bonds and notes to carry out its purpose.
(b) The bonds and notes may be issued under any power or authority available to the corporation, including Chapter 1201, Government Code.
(c) A bond or note must state on its face that it is not an obligation of the State of Texas.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.394, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.431.htm
- Text hash
- sha256 d357bdc4d20c40a4201cdf34ed9be5603a18302ca296003cf8a896ce2ef00c74
- 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
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