This law outlines the process for the comptroller to register new public securities in Texas. It requires prior approval from the attorney general and the cancellation of any changed securities, ensuring the new securities are valid and incontestable once registered.
Comptroller registers new public securities after attorney general approval.
Requires surrender and cancellation of changed or converted securities.
Registered securities are valid and incontestable for all purposes.
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In simple terms: Learn about Texas's REGISTRATION OF NEW PUBLIC SECURITY BY 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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