Sec. 1371.055. EXECUTION OF OBLIGATION

Latest version.

(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.
(c) A person's successor in office may complete the execution, authentication, or delivery of the obligation.

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

                    
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