Texas § 1203.041 CONVERSION OF PUBLIC SECURITY.

Texas Statutes

§ 1203.041 — CONVERSION OF PUBLIC SECURITY.

Texas § 1203.041

Code GVGovernment Code

This text of Texas § 1203.041 (CONVERSION 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. § 1203.041 (2026).

Text

Sec. 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.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 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.