Section 2306.392 - Denomination(a) The department's bonds may be issued:(1) in coupon form payable to bearer;(2) in fully registered form;(3) as coupon bonds payable to bearer but registrable as to principal alone or as to both principal and interest; or(4) in another form, including a registered uncertificated obligation not represented by written instruments, commonly known as a book-entry obligation.(b) The department shall provide for the registration of ownership and transfer of a book-entry obligation under a system of books and records maintained by a bank serving as trustee, paying agent, or bond registrar.Tex. Gov't. Code § 2306.392
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.