Texas Government Code 1371.055 – Execution of Obligation
Current as of: 2024 | Check for updates
|
Other versions
(a) An obligation may be executed, with or without a seal, with a manual or facsimile signature, as specified in the obligation authorization.
(b) The signature on an obligation of a person who is no longer an officer when the obligation is delivered to the purchaser is valid and sufficient for all purposes.
Terms Used In Texas Government Code 1371.055
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Signature: includes the mark of a person unable to write, and "subscribe" includes the making of such a mark. See Texas Government Code 312.011
(c) A person’s successor in office may complete the execution, authentication, or delivery of the obligation.