Tex. Gov't Code Section 1201.024
Form of Public Security

(a)

A public security may be:

(1)

issued in a specified form or forms;

(2)

issued with one or more interest coupons;

(3)

registrable as to principal and interest or only as to principal; and

(4)

changed in form in a specific manner.

(b)

A public security issued with one or more interest coupons may have:

(1)

a specified form of a coupon; and

(2)

a form of a coupon that may be changed in a specified manner.

(c)

An issuer may provide that a public security:

(1)

has a coupon and is not registrable;

(2)

has a coupon and is registrable only as to principal;

(3)

is fully registrable; or

(4)

initially has a coupon but may become a fully registrable security under Section 1203.041 (Conversion of Public Security).

(d)

An issuer may provide that public securities of the same issue or series are:

(1)

of one or more types described by Subsection (c); and

(2)

exchangeable in whole or in part for one or more of those types.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1201.024 — Form of Public Security, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1201.­htm#1201.­024 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 1201.024’s source at texas​.gov