Tex. Gov't Code § 2306.491

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2306.491 - Bonds Negotiable Instruments

Notwithstanding any other statute, a bond and interest coupon issued and delivered by the department is a negotiable instrument under the Uniform Commercial Code, except that the bond may be registered or subject to registration under this chapter.

Tex. Gov't. Code § 2306.491

Amended by Acts 1997, 75th Leg., ch. 980, Sec. 46, eff. 9/1/1997.

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.