Section 1206.023 - Exception to Approval Requirement(a) If the duty to replace a public security or interest coupon is imposed on a corporate trustee under a trust agreement or indenture or on a paying agent for the public security, the attorney general is not required to approve and the comptroller is not required to register:(1) the replacement public security or interest coupon; or(2) the public security delivered on exchange of the previously issued public security.(b) A replacement public security or interest coupon is valid and incontestable in the same manner and with the same effect as the previously issued public security.Tex. Gov't. Code § 1206.023
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.