Texas § 1201.021 CHARACTERISTICS OF PUBLIC SECURITY.

Texas Statutes

§ 1201.021 — CHARACTERISTICS OF PUBLIC SECURITY.

Texas § 1201.021

Code GVGovernment Code

This text of Texas § 1201.021 (CHARACTERISTICS OF PUBLIC SECURITY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1201.021 (2026).

Text

Sec. 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.

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Sec. 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.