Texas Property Code 74.405 – Disposition of Securities
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(a) The comptroller may sell or otherwise liquidate a security delivered to the comptroller under this chapter.
(b) The comptroller may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The comptroller may sell a security not listed on an established exchange by any commercially reasonable method.
Terms Used In Texas Property Code 74.405
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011