Texas Finance Code 155.005 – Exchange of Deposit
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(a) On request, the comptroller may allow a bond investment company that has made a deposit under this chapter to alter the composition of the deposit by exchanging cash for securities or securities for cash.
(b) Securities deposited under this section must be approved by the comptroller on the written advice of the attorney general.
Terms Used In Texas Finance Code 155.005
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005