An irrevocable standby letter of credit for liability, as specified in §37.521 of this title (relating to Irrevocable Standby Letter of Credit for Liability), must be worded as specified in the Irrevocable Standby Letter of Credit for Liability in this section, except that the instructions in parenthesis are to be replaced with the relevant information and the parenthesis deleted.
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Source Note: The provisions of this §37.621 adopted to be effective December 30, 1996, 21 TexReg 12297; amended to be effective March 21, 2000, 25 TexReg 2347; amended to be effective February 13, 2003, 28 TexReg 1196