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Texas Laws | Government Code
GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES

(d) The county treasurer or the county officer who has the powers and duties of the county treasurer shall perform the registration duties for a county that is designated a registrar. (74618)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (74619)

Sec. 1203.022. REGISTRATION OF PUBLIC SECURITY; CONFLICT WITH PUBLIC SECURITY AUTHORIZATION. (74620)(Text)

(a) A fully registrable public security may be registered as provided by the public security authorization relating to the security. (74621)

(b) To the extent of a conflict between this chapter and a public security authorization that provides that a public security is fully registrable, this chapter prevails. (74622)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (74623)

Sec. 1203.023. MAINTENANCE OF REGISTRAR RECORDS BY TRUST COMPANY OR COMMERCIAL BANK. (74624)(Text)

At the direction of the issuer, a trust company or a commercial bank acting as a registrar under this chapter shall maintain the registrar records in this state. (74625)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 769, Sec. 3, eff. Sept. 1, 2001. (74626)

Sec. 1203.024. CHANGE OF NAME OR ADDRESS OF REGISTERED OWNER. (74627)(Text)

If the comptroller is designated under this chapter as registrar of a public security and the comptroller's registration book reflects the change of name or address of a registered owner of the security, the comptroller shall notify each paying agent of the change. (74628)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (74629)

Sec. 1203.025. COST AND EXPENSES FOR REGISTRATION OR EXCHANGE OF PUBLIC SECURITY. (74630)(Text)

A public security authorization that authorizes the issuance of a public security that is, initially or by exchange or conversion, fully registrable shall state the part of the cost and expense of registering or exchanging the security that the issuer will pay, including fees of the registrar named in the public security authorization. (74631)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (74632)

Sec. 1203.026. COMPTROLLER'S RULES AND FEE SCHEDULE. (74633)(Text)

The comptroller shall: (74634)

(1) adopt rules for the comptroller's performance of services under this chapter; and (74635)

(2) publish a schedule of fees for performing those services. (74636)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (74637)

SUBCHAPTER C. CONVERSION OR EXCHANGE OF PUBLIC SECURITY (74638)(Text)
Sec. 1203.041. CONVERSION OF PUBLIC SECURITY. (74639)(Text)

(a) This section applies to a public security only if the public security authorization relating to the security: (74640)

(1) provides for conversion of the security; and (74641)

(2) names the comptroller as registrar. (74642)

(b) A public security that is issued with one or more coupons becomes fully registrable if: (74643)

(1) the security is presented to the comptroller; and (74644)

(2) the comptroller removes each coupon. (74645)

(c) A public security that is issued as a fully registrable security becomes a security with one or more coupons if: (74646)

(1) the security is presented to the comptroller; and (74647)

(2) the comptroller attaches an unmatured coupon or coupons to the security. (74648)

(d) Attachment and removal of a coupon or coupons may occur successively from time to time. (74649)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (74650)

Sec. 1203.042. APPROVAL AND REGISTRATION OF CONVERTED OR EXCHANGED PUBLIC SECURITY. (74651)(Text)

(a) This section applies to a public security only if: (74652)

(1) the public security authorization relating to the security provides that the security is fully registrable or is of the type that has one or more coupons and that the security may be exchanged; or (74653)

(2) the security has been converted under Section 1203.041. (74654)

(b) If the public security was initially approved by the attorney general and registered by the comptroller, on exchange or conversion of the security: (74655)

(1) a public security that results from the exchange or conversion is considered to have been approved by the attorney general and registered by the comptroller; (74656)

(2) the attorney general is not required to approve the resulting security; and (74657)

(3) the comptroller is not required to register the resulting security. (74658)

(c) If a public security is exchanged, the registrar shall have an appropriate inscription placed on the public security received in exchange verifying that the security received in exchange is in place of the security presented for exchange. The inscription must be manually signed. (74659)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (74660)

CHAPTER 1204. INTEREST RATE (74661)(Text)
Sec. 1204.001. DEFINITIONS. (74662)(Text)

In this chapter: (74663)

(1) "Floating rate public security" means a public security or a portion of a public security that bears a rate of interest determined in accordance with a clearly stated formula, computation, or method, under which the net interest cost of the security or portion at any future date cannot be determined on the date of delivery of the security or portion. (74664)

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