Sec. 2.114. CERTIFICATED INDEBTEDNESS; MANNER OF ISSUANCE; SIGNATURE AND SEAL. (a) Except as otherwise provided by the governing documents of the domestic entity, this code, or other law, on the issuance by a domestic entity of a bond, debenture, or other evidence of indebtedness in certificated form, the seal of the entity, if the entity has adopted a seal, may be a facsimile that may be engraved or printed on the certificate.
(b) Except as otherwise provided by the governing documents of the domestic entity, this code, or other law, if a security described by Subsection (a) is authenticated with the manual signature of an authorized officer of the domestic entity or an authorized officer or representative, to the extent permitted by law, of a transfer agent or trustee appointed or named by an indenture of trust or other agreement under which the security is issued, the signature of any officer of the domestic entity may be a facsimile signature.
(c) A security described by Subsection (a) that contains the manual or facsimile signature of a person who is no longer an officer when the security is delivered by the entity may be adopted, issued, and delivered by the entity in the same manner and to the same extent as if the person had remained an officer of the entity.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 2 - Purposes and Power of Domestic Entity
Subchapter B. Powers of Domestic Entity
Section 2.102. Additional Powers of Nonprofit Entity or Institution
Section 2.103. Power to Incur Indebtedness
Section 2.104. Power to Make Guaranties
Section 2.105. Additional Powers of Certain Pipeline Businesses
Section 2.106. Power of Nonprofit Corporation to Serve as Trustee
Section 2.108. Powers of Professional Association
Section 2.109. Powers of Professional Corporation
Section 2.110. Powers of Cooperative Association
Section 2.111. Limitation on Powers of Cooperative Association
Section 2.112. Stated Powers in Subchapter Sufficient
Section 2.113. Limitation on Powers
Section 2.114. Certificated Indebtedness; Manner of Issuance; Signature and Seal