21.016 – BONDS INCONTESTABLE, VALID, AND BINDING. (a)
Texas Parks and Wildlife Code § 21.016
Summary
This law ensures that bonds issued by the state are considered valid and binding once they receive approval from the attorney general and are registered by the comptroller. It protects purchasers by making these bonds incontestable in legal proceedings regarding their validity.
Bonds become incontestable after attorney general approval.
Registration by the comptroller is required for validity.
Bonds are general obligations of the state.
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In simple terms: Learn about Texas's BONDS INCONTESTABLE, VALID, AND BINDING. (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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