Texas § 2203.362 STATE PLEDGE REGARDING BOND OWNER RIGHTS AND REMEDIES.

Texas Statutes

§ 2203.362 — STATE PLEDGE REGARDING BOND OWNER RIGHTS AND REMEDIES.

Texas § 2203.362

Code INInsurance Code

This text of Texas § 2203.362 (STATE PLEDGE REGARDING BOND OWNER RIGHTS AND REMEDIES.) 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. Insurance Code Code Ann. § 2203.362 (2026).

Text

Sec. 2203.362. STATE PLEDGE REGARDING BOND OWNER RIGHTS AND REMEDIES.

(a)The state pledges to and agrees with the owners of bonds issued in accordance with this subchapter that the state will not limit or alter the rights vested in the association to fulfill the terms of agreements made with the owners or impair the rights and remedies of the owners until the following obligations are fully discharged:

(1)the bonds;

(2)any bond premium;

(3)interest; and

(4)all costs and expenses related to an action or proceeding by or on behalf of the owners.

(b)The association may include the state's pledge and agreement under Subsection (a) in an agreement with the owners of the bonds.

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Sec. 2203.362. STATE PLEDGE REGARDING BOND OWNER RIGHTS AND REMEDIES. (a) The state pledges to and agrees with the owners of bonds issued in accordance with this subchapter that the state will not limit or alter the rights vested in the association to fulfill the terms of agreements made with the owners or impair the rights and remedies of the owners until the following obligations are fully discharged:
(1) the bonds;
(2) any bond premium;
(3) interest; and
(4) all costs and expenses related to an action or proceeding by or on behalf of the owners.
(b) The association may include the state's pledge and agreement under Subsection (a) in an agreement with the owners of the bonds.