Section 8509.0314. Limitation on Rights of Bondholders

TX Spec Dist Code § 8509.0314 (2019) (N/A)
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Text of section effective on April 01, 2021

Sec. 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.

Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.03, eff. April 1, 2021.