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TITLE 34PUBLIC FINANCE
PART 1COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 1CENTRAL ADMINISTRATION
SUBCHAPTER APRACTICE AND PROCEDURES
DIVISION 2LEGAL SERVICES BOND DIVISION
RULE §1.58Registration of Bond Ownership

(a) The comptroller shall accept a bond or other public security for registration of ownership only from a bank or a security dealer; except that a coupon bearer bond may be presented for registration of ownership by the owner or his authorized representative providing the comptroller has received no notice as to the loss or theft of that bond. In addition, the purchaser named in the transcript of proceedings authorizing a registered bond may present that bond for registration of ownership. The bond may be delivered to the comptroller by mail or in person at his office in Austin, Texas during normal working hours.

(b) Before the comptroller will register the ownership of a bond, the proper affidavit requesting registration must be completed.

(c) A person desiring registration of ownership of a bond or group of bonds must indicate whether he desires registration of principal only or registration of principal and interest.

(d) All costs incurred in registration (postal fees, insurance fees, etc.) shall be borne by a party other than the Comptroller. In addition, the comptroller shall be paid $.25 for each bond or other public security handled for registration of ownership.


Source Note: The provisions of this §1.58 adopted to be effective January 1, 1976.

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