1205.152 – STATEMENT ON VALIDATED PUBLIC SECURITY. (a)
Texas Government Code § 1205.152
Summary
This law allows issuers of validated public securities to include a certificate on the security that confirms its validation by a court judgment. This certificate serves to prevent any future legal challenges regarding the validity of the security, providing assurance to investors and stakeholders.
Allows inclusion of a validation certificate on public securities.
Certificate confirms court judgment validating the security.
Prevents future legal challenges to the security's validity.
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In simple terms: Learn about Texas's STATEMENT ON VALIDATED PUBLIC SECURITY. (a) 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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