Tex. Gov't Code Section 1201.021
Characteristics of Public Security


A public security may:

(1)

be issued in any denomination;

(2)

bear no interest or bear interest at one or more specified rates;

(3)

be issued with one or more interest coupons or without a coupon;

(4)

be issued as redeemable before maturity at one or more specified times; and

(5)

be payable:

(A)

at one or more times;

(B)

in installments or a specified amount or amounts;

(C)

at a specified place or places;

(D)

under specified terms; and

(E)

in a specified form or manner.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1201.021 — Characteristics of Public Security, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1201.­htm#1201.­021 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 1201.021’s source at texas​.gov