1 Tex. Admin. Code § 97.42

Current through Reg. 49, No. 52; December 27, 2024

Section 97.42 - Cancellation of Irrevocable Letter of Credit

An irrevocable letter of credit established in accordance with § RSA 97.41 of this title (relating to Requirements of Irrevocable Letter of Credit) shall be maintained until the earlier of:

(1) approval of the secretary of state to cancel the irrevocable letter of credit; or

(2) two years after the registrant formally terminates registration.

1 Tex. Admin. Code § 97.42

The provisions of this §97.42 adopted to be effective September 7, 1988, 13 TexReg 4233; Amended to be effective September 3, 2009, 34 TexReg 5895