Sec. 1233.202. REDEMPTION PRICE    


Latest version.
  • A college savings bond may not be callable before maturity at a price less than its stated value at maturity except:

    (1) under a mandatory redemption or call provision of the resolution authorizing the bond; or

    (2) as otherwise authorized by law.

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