1201.061 – CONVERSION, RECONVERSION, TRANSFER, OR EXCHANGE
Texas Government Code § 1201.061
Summary
This law allows the governing body of an issuer to convert, reconvert, transfer, or exchange public securities and interest coupons. It establishes the procedures for these actions, ensuring flexibility in managing public securities.
Governing bodies can convert and reconvert public securities.
Procedures for transferring or exchanging securities are defined.
Applies to both public securities and interest coupons.
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In simple terms: Learn about Texas's CONVERSION, RECONVERSION, TRANSFER, OR EXCHANGE 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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