Sec. 1201.063. EXECUTION AND EXCHANGE OF NEW PUBLIC SECURITY. (a) On request of the bearer or owner of a public security, if required or necessary, an appropriate officer of the issuer shall execute and exchange an appropriate new public security for the changed or converted public security.
(b) If a public security that is changed or converted has interest coupons, appropriate new coupons shall also be executed and exchanged.
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 D. Change or Conversion of Public Securities
Section 1201.061. Conversion, Reconversion, Transfer, or Exchange of Public Security
Section 1201.062. Change or Conversion of Public Security
Section 1201.063. Execution and Exchange of New Public Security
Section 1201.064. Submission of New Public Security to Attorney General
Section 1201.065. Approval of New Public Security by Attorney General
Section 1201.066. Registration of New Public Security by Comptroller