1201.044 – PLEDGE OR LIEN ON RESOURCES, ASSETS, OR FUND OF
Texas Government Code § 1201.044
Summary
This law establishes that a pledge or lien on an issuer's resources, assets, or funds is valid without additional actions or filings. It ensures that such pledges are effective immediately upon payment and delivery of public securities, providing security to investors.
Pledge or lien is valid without additional action or filing.
Effective upon payment and delivery of public securities.
Applies to resources, assets, or funds of the issuer.
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In simple terms: Learn about Texas's PLEDGE OR LIEN ON RESOURCES, ASSETS, OR FUND OF law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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