Section 1207.029 - Selection of Paying Agent If there is more than one paying agent for an obligation being refunded, the comptroller shall send the money directly to:
(1) the paying agent located in this state, if only one paying agent is located in this state;(2) the paying agent located in this state having the largest capital and surplus, if more than one paying agent is located in this state; or(3) the paying agent having the largest capital and surplus, if no paying agent is located in this state and more than one paying agent is located in another state.Tex. Gov't. Code § 1207.029
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.