Texas § 1201.022 TERMS OF ISSUANCE.

Texas Statutes

§ 1201.022 — TERMS OF ISSUANCE.

Texas § 1201.022

Code GVGovernment Code

This text of Texas § 1201.022 (TERMS OF ISSUANCE.) 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. § 1201.022 (2026).

Text

Sec. 1201.022. TERMS OF ISSUANCE.

(a)A public security may be:

(1)issued singly or in a series;

(2)made payable in a specified amount or amounts or installments to:

(A)the bearer;

(B)a registered or named person;

(C)the order of a registered or named person; or

(D)a successor or assign of a registered or named person;

(3)issued to be sold:

(A)at a public or private sale; and

(B)under the terms determined by the governing body of the issuer to be in the issuer's best interests; and

(4)issued with other specified characteristics, on additional specified terms, or in a specified manner.

(b)The governing body of a county or municipality that issues bonds that are to be paid from ad valorem taxes may provide that the bonds are to mature serially over a specified number of years, not

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Sec. 1201.022. TERMS OF ISSUANCE. (a) A public security may be:
(1) issued singly or in a series;
(2) made payable in a specified amount or amounts or installments to:
(A) the bearer;
(B) a registered or named person;
(C) the order of a registered or named person; or
(D) a successor or assign of a registered or named person;
(3) issued to be sold:
(A) at a public or private sale; and
(B) under the terms determined by the governing body of the issuer to be in the issuer's best interests; and
(4) issued with other specified characteristics, on additional specified terms, or in a specified manner.
(b) The governing body of a county or municipality that issues bonds that are to be paid from ad valorem taxes may provide that the bonds are to mature serially over a specified number of years, not to exceed 40.