Sec. 1203.021. REGISTRAR FOR PUBLIC SECURITY; DESIGNATION IN PROCEEDINGS. (a) The public security authorization that authorizes a fully registrable public security shall designate the registrar for the security.
(b) The registrar may be:
(1) the comptroller;
(2) a home-rule municipality with a population of more than 100,000, as to a security of the municipality;
(3) a county with a population of more than 100,000, as to a security of the county;
(4) a bank, including a commercial bank, at which the principal of the security is payable; or
(5) a trust company organized under a law of this state.
(c) Designation of a county as registrar for a public security issued by the county is effective only if the commissioners court of the county makes the designation with regard to an issuance of debt.
(d) The county treasurer or the county officer who has the powers and duties of the county treasurer shall perform the registration duties for a county that is designated a registrar.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle A - General Provisions
Chapter 1203 - Registrar for Public Security
Subchapter B. Registration of Public Security
Section 1203.021. Registrar for Public Security; Designation in Proceedings
Section 1203.022. Registration of Public Security; Conflict With Public Security Authorization
Section 1203.023. Maintenance of Registrar Records by Trust Company or Commercial Bank
Section 1203.024. Change of Name or Address of Registered Owner
Section 1203.025. Cost and Expenses for Registration or Exchange of Public Security