Sec. 1201.023. UNCERTIFICATED BOOK-ENTRY ISSUANCE. (a) The governing body of an issuer may provide for a book-entry record of ownership of a public security issued by the issuer. A public security may be issued in uncertificated book-entry form.
(b) The record of ownership of a public security issued in uncertificated book-entry form may be kept by the issuer or an agent of the issuer.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle A - General Provisions
Chapter 1201 - Public Security Procedures Act
Subchapter B. Issuance and Approval of Public Security
Section 1201.021. Characteristics of Public Security
Section 1201.022. Terms of Issuance
Section 1201.023. Uncertificated Book-Entry Issuance
Section 1201.024. Form of Public Security
Section 1201.0245. Capital Appreciation Bonds by Political Subdivisions
Section 1201.025. Rate of Interest
Section 1201.026. Execution of Public Security or Interest Coupon
Section 1201.027. Authority of Issuer to Contract for Services
Section 1201.028. Single Meeting of Governing Body Sufficient