Tex. Government Code § 1206.023
EXCEPTION TO APPROVAL REQUIREMENT
Texas · Texas Government Code · Status: effective
Cite this
- Citation
- Tex. Government Code § 1206.023, EXCEPTION TO APPROVAL REQUIREMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660215
- Permanent ID
ys:prov:660215@1- SHA-256
71b148fb2bb336bc4d96aab1450f8d847f20a7d2ea6c2d4c8eb9a3616a207735
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(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.