1207.029 – SELECTION OF PAYING AGENT. If there is more
Texas Government Code § 1207.029
Summary
This law outlines the process for selecting a paying agent when multiple agents are involved in refunding an obligation. It prioritizes agents based on their location and financial stability, ensuring funds are directed appropriately.
Prioritizes paying agents based on location and capital.
Funds go to the sole in-state agent if available.
If multiple in-state agents exist, the one with largest capital is chosen.
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In simple terms: Learn about Texas's SELECTION OF PAYING AGENT. If there is more 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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