Texas Special District Local Laws Code § 6906.213 Limitation On Rights Of Bondholders

Sec. 6906.213. 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 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.

Section: Previous  6906.154  6906.155  6906.201  6906.202  6906.203  6906.204  6906.205  6906.206  6906.207  6906.208  6906.209  6906.210  6906.211  6906.212  6906.213

Last modified: September 28, 2016