Texas Statutes
§ 407.128 — POSSESSION OF SECURITY BY ASSOCIATION.
Texas § 407.128
JurisdictionTexas
Code LALabor Code
This text of Texas § 407.128 (POSSESSION OF SECURITY BY ASSOCIATION.) 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. Labor Code Code Ann. § 407.128 (2026).
Text
Sec. 407.128. POSSESSION OF SECURITY BY ASSOCIATION. On the assumption of obligations by the association under the commissioner's determination, the association is entitled to immediate possession of any deposited security, and the custodian, surety, or issuer of an irrevocable letter of credit shall deliver the security to the association with any accrued interest.
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Legislative History
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.
Amended by:
Acts 2005, 79th Leg., Ch. 265 (H.B. 7 ), Sec. 3.068, eff. September 1, 2005.
Nearby Sections
15
§ 407.001
DEFINITIONS.§ 407.024
CLAIM OR SUIT.§ 407.041
APPLICATION.§ 407.042
ISSUANCE OF CERTIFICATE.§ 407.043
PROCEDURES ON DENIAL OF APPLICATION.§ 407.045
WITHDRAWAL FROM SELF-INSURANCE.§ 407.047
EFFECT OF REVOCATION.§ 407.061
GENERAL REQUIREMENTS.§ 407.063
PREMIUM REQUIREMENTS.§ 407.064
GENERAL SECURITY REQUIREMENTS.§ 407.065
SPECIFIC SECURITY REQUIREMENTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 407.128, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LA/407.128.