Sec. 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.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 980, Sec. 46, eff. Sept. 1, 1997.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions
Section 2306.491. Bonds Negotiable Instruments
Section 2306.492. Bonds Incontestable
Section 2306.493. Signature of Former Officer
Section 2306.494. Bonds Not Taxable
Section 2306.495. Authorized Investments
Section 2306.496. Security for Deposit of Funds
Section 2306.497. Mutilated, Lost, Stolen, or Destroyed Bonds