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Texas Transportation Code - TRANSP § 441.177. Bondholder Mandamus

Current as of January 01, 2024 | Updated by Findlaw Staff

A holder of a district bond is entitled, in addition to any other right or remedy provided by state law, to a writ of mandamus requiring the district and its officials to perform any obligation that:

(1) is provided by the order or resolution authorizing issuance of the bond;  and

(2) the district fails to perform, including:

(A) defaulting in the payment of principal, interest, or redemption price on the bond when due;  and

(B) failing to make payment into any fund created in the order or resolution.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 441.177. Bondholder Mandamus - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-441-177/

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