Sec. 52.73. APPROVAL AND REGISTRATION. (a) College savings bonds issued by the board and the records relating to their issuance must be submitted to the attorney general for examination as to their validity.
(b) If the attorney general finds that the college savings bonds have been authorized in accordance with law, the attorney general shall approve them, and the comptroller of public accounts shall register the bonds.
(c) Following approval and registration, the college savings bonds are incontestable and are binding obligations according to their terms.
Added by Acts 1989, 71st Leg., ch. 1084, Sec. 2.08.
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