Texas § 74.405 DISPOSITION OF SECURITIES.

Texas Statutes

§ 74.405 — DISPOSITION OF SECURITIES.

Texas § 74.405

Code PRProperty Code

This text of Texas § 74.405 (DISPOSITION OF SECURITIES.) 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. Property Code Code Ann. § 74.405 (2026).

Text

Sec. 74.405. DISPOSITION OF SECURITIES.

(a)The comptroller may sell or otherwise liquidate a security delivered to the comptroller under this chapter.

(b)The comptroller may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The comptroller may sell a security not listed on an established exchange by any commercially reasonable method. SUBCHAPTER F. CLAIM FOR DELIVERED PROPERTY

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Sec. 74.405. DISPOSITION OF SECURITIES. (a) The comptroller may sell or otherwise liquidate a security delivered to the comptroller under this chapter.
(b) The comptroller may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The comptroller may sell a security not listed on an established exchange by any commercially reasonable method.
SUBCHAPTER F. CLAIM FOR DELIVERED PROPERTY