Texas Government Code § 1205.023 Proceeding In Rem; Class Action

Sec. 1205.023. PROCEEDING IN REM; CLASS ACTION. An action under this chapter is:

(1) a proceeding in rem; and

(2) a class action binding on all persons who:

(A) reside in the territory of the issuer;

(B) own property located within the boundaries of the issuer;

(C) are taxpayers of the issuer; or

(D) have or claim a right, title, or interest in any property or money to be affected by the public security authorization or the issuance of the public securities.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 1999, 76th Leg., ch. 1064, Sec. 3, eff. Sept. 1, 1999.

Section: Previous  1205.001  1205.002  1205.021  1205.022  1205.023  1205.024  1205.025  1205.041  1205.042  1205.043  1205.044  1205.061  1205.062  1205.063  1205.064  Next

Last modified: September 28, 2016