Tex. Spec. Dists. Code § 8509.0314

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 8509.0314 - Limitation on Rights of Bondholders

The resolution authorizing the bonds or the trust indenture securing the bonds may limit or qualify the rights of the holders of less than all of the outstanding bonds payable from the same source to institute or prosecute litigation affecting the district's property or income.

Tex. Spec. Dist. Loc. Laws § 8509.0314

Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 1.03, eff. 4/1/2021.