Texas § 265.0178 PLEDGE OF SECURITY.

Texas Statutes

§ 265.0178 — PLEDGE OF SECURITY.

Texas § 265.0178

Code HSHealth and Safety Code

This text of Texas § 265.0178 (PLEDGE OF 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. Health and Safety Code Code Ann. § 265.0178 (2026).

Text

Sec. 265.0178. PLEDGE OF SECURITY.

(a)A loan under Section 265.0177 may be:

(1)payable from and secured by a pledge of all or part of the revenues, income, or resources of the hospital that are not pledged to pay a bonded indebtedness of the hospital; or

(2)secured by a deed of trust or other security interest in any property of the hospital that is not pledged to pay a bonded indebtedness of the hospital.

(b)The holder of a loan obligation under Section 265.0177 is not entitled to demand payment of the principal and interest on the loan from any money or property of the hospital other than the money or property specifically pledged to secure payment of the loan.

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Sec. 265.0178. PLEDGE OF SECURITY. (a) A loan under Section 265.0177 may be:
(1) payable from and secured by a pledge of all or part of the revenues, income, or resources of the hospital that are not pledged to pay a bonded indebtedness of the hospital; or
(2) secured by a deed of trust or other security interest in any property of the hospital that is not pledged to pay a bonded indebtedness of the hospital.
(b) The holder of a loan obligation under Section 265.0177 is not entitled to demand payment of the principal and interest on the loan from any money or property of the hospital other than the money or property specifically pledged to secure payment of the loan.