UNCERTIFICATED BOOK-ENTRY ISSUANCE
Known as the Public Security Procedures Act
The act spans §§ 1201.001 to 1201.067 (26 sections).
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff
(a) The governing body of an issuer may provide for a book-entry record of ownership of a public security issued by the issuer. A public security may be issued in uncertificated book-entry form.
(b) The record of ownership of a public security issued in uncertificated book-entry form may be kept by the issuer or an agent of the issuer.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.