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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1206.023. Exception to Approval Requirement - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1206-023/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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