Texas Transportation Code 431.071 – Approval of Bonds and Notes by Attorney General
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(a) A corporation shall submit a bond or note authorized under Section 431.070 and a contract supporting its issuance to the attorney general for examination.
(b) If the attorney general finds that the bond or note, and any supporting contract are authorized under this chapter, the attorney general shall approve them.
Terms Used In Texas Transportation Code 431.071
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(c) After approval by the attorney general, a bond, note, or contract may not be contested for any reason.