Texas Labor Code - Section 407.128. Possession Of Security By Association
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Texas Lawyer > Labor Code > Texas Labor Code - Section 407.128. Possession Of Security By Association
§ 407.128. POSSESSION OF SECURITY BY ASSOCIATION. On the
assumption of obligations by the association under the
commissioner's determination, the association is entitled to
immediate possession of any deposited security, and the custodian,
surety, or issuer of an irrevocable letter of credit shall deliver
the security to the association with any accrued interest.
Acts 1993, 73rd Leg., ch. 269, § 1, eff. Sept. 1, 1993. Amended
by Acts 2005, 79th Leg., ch. 265, § 3.068, eff. Sept. 1, 2005.
Section: 407.121 407.122 407.123 407.124 407.125 407.126 407.127 407.128 407.129 407.130 407.131 407.132 407.133 408.001 408.002
Last modified: August 10, 2007
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