Tex. Gov't Code Section 1203.041
Conversion of Public Security

(a)

This section applies to a public security only if the public security authorization relating to the security:

(1)

provides for conversion of the security; and

(2)

names the comptroller as registrar.

(b)

A public security that is issued with one or more coupons becomes fully registrable if:

(1)

the security is presented to the comptroller; and

(2)

the comptroller removes each coupon.

(c)

A public security that is issued as a fully registrable security becomes a security with one or more coupons if:

(1)

the security is presented to the comptroller; and

(2)

the comptroller attaches an unmatured coupon or coupons to the security.

(d)

Attachment and removal of a coupon or coupons may occur successively from time to time.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1203.041 — Conversion of Public Security, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1203.­htm#1203.­041 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 1203.041’s source at texas​.gov