Conversión y Transferencia de Valores Públicos en Texas

Sec. 1201.061. CONVERSION, RECONVERSION, TRANSFER, OR EXCHANGE OF PUBLIC SECURITY. (a) The governing body of an issuer may: (1) provide and covenant for: (A) conversion of one form of a public security or an interest coupon to another form or forms; and (B) reconversion of the public security or interest coupon to another form or forms; and (2) provide procedures for transferring or exchanging a public security for a previously issued public security. (b) A public security or an interest coupon may be converted, on request of a bearer or owner, in an aggregate principal amount Statute text rendered on: 2/14/2025 - 6781 - GOVERNMENT CODE equal to the unpaid principal amount of the public security being converted, bearing interest at the same rate or rates as the security being converted, to: (1) a public security with interest coupons, payable to the bearer, and registrable as to principal and interest or only as to principal; (2) a fully registered public security without interest coupons; or (3) any other form, in any denomination. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.