{"data":{"id":"us-tx/tex.-government-code-1504.210","jurisdiction":"us-tx","citation":"Tex. Government Code § 1504.210","heading":"TRUSTEE.","body":"A contract under which an exposition or convention hall is encumbered may provide for:\n(1) the selection of a trustee to sell the hall on a default in the payment of principal or interest or another default under the contract;\n(2) the selection of a successor trustee, if the original trustee is disqualified or fails to act; and\n(3) the collection by the trustee of a fee of not more than five percent of the principal.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES","CHAPTER 1504. OBLIGATIONS FOR MUNICIPAL BUILDINGS","SUBCHAPTER E. OBLIGATIONS FOR EXPOSITION AND CONVENTION HALLS IN MUNICIPALITIES WITH POPULATION OF 290,000 OR MORE"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1504.htm#1504.210","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"5b93dcb2d3a24ad89809edf7af3d0485e5695d5a3dfe4d38941157f47af61b4e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1504.209","next":"us-tx/tex.-government-code-1504.211"},"notice":"GroundRules: Original legal text. Not legal advice."}