Tex. Gov't Code Section 1207.029
Selection of Paying Agent

If there is more than one paying agent for an obligation being refunded, the comptroller shall send the money directly to:

(1)

the paying agent located in this state, if only one paying agent is located in this state;

(2)

the paying agent located in this state having the largest capital and surplus, if more than one paying agent is located in this state; or

(3)

the paying agent having the largest capital and surplus, if no paying agent is located in this state and more than one paying agent is located in another state.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1207.029 — Selection of Paying Agent, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1207.­htm#1207.­029 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 1207.029’s source at texas​.gov