Texas Government Code 1205.023 – Proceeding in Rem; Class Action
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Terms Used In Texas Government Code 1205.023
- Property: means real and personal property. See Texas Government Code 311.005
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.