Sec. 101.605. GENERAL POWERS OF SERIES    


Latest version.
  • A series established under this subchapter has the power and capacity, in the series' own name, to:

    (1) sue and be sued;

    (2) contract;

    (3) hold title to assets of the series, including real property, personal property, and intangible property; and

    (4) grant liens and security interests in assets of the series.

Added by Acts 2009, 81st Leg., R.S., Ch. 84 , Sec. 45, eff. September 1, 2009.