Texas § 1206.023 EXCEPTION TO APPROVAL REQUIREMENT.

Texas Statutes

§ 1206.023 — EXCEPTION TO APPROVAL REQUIREMENT.

Texas § 1206.023

Code GVGovernment Code

This text of Texas § 1206.023 (EXCEPTION TO APPROVAL REQUIREMENT.) 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. § 1206.023 (2026).

Text

Sec. 1206.023. EXCEPTION TO APPROVAL REQUIREMENT.

(a)If the duty to replace a public security or interest coupon is imposed on a corporate trustee under a trust agreement or indenture or on a paying agent for the public security, the attorney general is not required to approve and the comptroller is not required to register:

(1)the replacement public security or interest coupon; or

(2)the public security delivered on exchange of the previously issued public security.

(b)A replacement public security or interest coupon is valid and incontestable in the same manner and with the same effect as the previously issued public security.

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

Sec. 1206.023. EXCEPTION TO APPROVAL REQUIREMENT. (a) If the duty to replace a public security or interest coupon is imposed on a corporate trustee under a trust agreement or indenture or on a paying agent for the public security, the attorney general is not required to approve and the comptroller is not required to register:
(1) the replacement public security or interest coupon; or
(2) the public security delivered on exchange of the previously issued public security.
(b) A replacement public security or interest coupon is valid and incontestable in the same manner and with the same effect as the previously issued public security.