Sec. 1205.025. TIME FOR BRINGING ACTION; PENDENCY OF OTHER PROCEEDINGS  


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  • An issuer may bring an action under this chapter:

    (1) concurrently with or after the use of another procedure to obtain a declaratory judgment, approval, or validation;

    (2) before or after the public securities are authorized, issued, or delivered;

    (3) before or after the attorney general approves the public securities; and

    (4) regardless of whether another proceeding is pending in any court relating to a matter to be adjudicated in the suit.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.