Section 1203.041 - Conversion of Public Security(a) This section applies to a public security only if the public security authorization relating to the security:(1) provides for conversion of the security; and(2) names the comptroller as registrar.(b) A public security that is issued with one or more coupons becomes fully registrable if: (1) the security is presented to the comptroller; and(2) the comptroller removes each coupon.(c) A public security that is issued as a fully registrable security becomes a security with one or more coupons if: (1) the security is presented to the comptroller; and(2) the comptroller attaches an unmatured coupon or coupons to the security.(d) Attachment and removal of a coupon or coupons may occur successively from time to time.Tex. Gov't. Code § 1203.041
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.