Texas Statutes
§ 271.053 — CERTIFICATES AS DEBT AND SECURITY.
Texas § 271.053
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 271.053 (CERTIFICATES AS DEBT AND 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. Local Government Code Code Ann. § 271.053 (2026).
Text
Sec. 271.053. CERTIFICATES AS DEBT AND SECURITY. Certificates are debts of the issuer within the meaning of Article XI, Sections 5 and 7 , of the Texas Constitution. When delivered, certificates are "security" within the meaning of Chapter 8 , Business & Commerce Code, and are general obligations of the issuer within the meaning of Subchapters A and D, Chapter 1207 , Government Code.
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Related
Opinion No.
(Texas Attorney General Reports, 2006)
Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.298, eff. Sept. 1, 2001.
Nearby Sections
15
§ 271.001
SHORT TITLE.§ 271.002
PURPOSE.§ 271.003
DEFINITIONS.§ 271.006
COMPLIANCE WITH OTHER REQUIREMENTS.§ 271.0065
ADDITIONAL COMPETITIVE PROCEDURES.§ 271.007
APPROVED AND REGISTERED CONTRACT.§ 271.008
AUTHORIZED INVESTMENTS.§ 271.009
TERM OF CONTRACT.§ 271.021
DEFINITIONS.§ 271.022
EXEMPT CONTRACT.§ 271.023
CONFLICT OF LAWS.§ 271.0245
ADDITIONAL COMPETITIVE PROCEDURES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 271.053, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/271.053.