Texas § 2211.212 STATE PLEDGE REGARDING PUBLIC SECURITY OWNER RIGHTS AND REMEDIES.

Texas Statutes

§ 2211.212 — STATE PLEDGE REGARDING PUBLIC SECURITY OWNER RIGHTS AND REMEDIES.

Texas § 2211.212

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This text of Texas § 2211.212 (STATE PLEDGE REGARDING PUBLIC SECURITY 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. § 2211.212 (2026).

Text

Sec. 2211.212. STATE PLEDGE REGARDING PUBLIC SECURITY OWNER RIGHTS AND REMEDIES.

(a)The state pledges to and agrees with the owners of public securities 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 public securities;

(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 public securities.

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Sec. 2211.212. STATE PLEDGE REGARDING PUBLIC SECURITY OWNER RIGHTS AND REMEDIES. (a) The state pledges to and agrees with the owners of public securities 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 public securities;
(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 public securities.