{"data":{"id":"us-tx/tex.-government-code-1201.024","jurisdiction":"us-tx","citation":"Tex. Government Code § 1201.024","heading":"FORM OF PUBLIC SECURITY.","body":"(a) A public security may be:\n(1) issued in a specified form or forms;\n(2) issued with one or more interest coupons;\n(3) registrable as to principal and interest or only as to principal; and\n(4) changed in form in a specific manner.\n(b) A public security issued with one or more interest coupons may have:\n(1) a specified form of a coupon; and\n(2) a form of a coupon that may be changed in a specified manner.\n(c) An issuer may provide that a public security:\n(1) has a coupon and is not registrable;\n(2) has a coupon and is registrable only as to principal;\n(3) is fully registrable; or\n(4) initially has a coupon but may become a fully registrable security under Section 1203.041.\n(d) An issuer may provide that public securities of the same issue or series are:\n(1) of one or more types described by Subsection (c); and\n(2) exchangeable in whole or in part for one or more of those types.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE A. GENERAL PROVISIONS","CHAPTER 1201. PUBLIC SECURITY PROCEDURES ACT","SUBCHAPTER B. ISSUANCE AND APPROVAL OF PUBLIC SECURITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1201.htm#1201.024","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"d3b8ddd46632a672769c8a08b44214c25b8ff7260ec97ddd27890d6692dbdde5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1201.023","next":"us-tx/tex.-government-code-1201.0245"},"notice":"GroundRules: Original legal text. Not legal advice."}