Sec. 2306.392.  DENOMINATION.  (a)  The department's bonds may be issued:
(1)  in coupon form payable to bearer;
(2)  in fully registered form;
(3)  as coupon bonds payable to bearer but registrable as to principal alone or as to both principal and interest;  or
(4)  in another form, including a registered uncertificated obligation not represented by written instruments, commonly known as a book-entry obligation.
(b)  The department shall provide for the registration of ownership and transfer of a book-entry obligation under a system of books and records maintained by a bank serving as trustee, paying agent, or bond registrar.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.