Texas § ES.1158.353 - EXCHANGE FOR BONDS

Full text of Texas The Texas Constitution § ES.1158.353 — EXCHANGE FOR BONDS, with citation guidance and answers to common questions.

§ ES.1158.353. EXCHANGE FOR BONDS

EXCHANGE FOR BONDS. (a) If a court orders the reconveyance of foreclosed real estate under Section 1158.352 , vendor's lien notes shall be reserved for the total amount of the indebtedness due or for the total amount of bonds that the corporation or agency to which the application to redeem the real estate was submitted as described by Section 1158.352 (1) is allowed to advance under the corporation's or agency's rules or regulations. (b) On obtaining the order for reconveyance, it shall be proper for the guardian to endorse and assign the reserved vendor's lien notes over to any one of the corporations or agencies described by Section 1158.352 (1) in exchange for bonds of that corporation or agency. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759 ), Sec. 1.02, eff. January 1, 2014. SUBCHAPTER I. SALE OF REAL ESTATE: PUBLIC AUCTION

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Frequently Asked Questions About Texas § ES.1158.353

What does The Texas Constitution § ES.1158.353 cover?

Section ES.1158.353 ("EXCHANGE FOR BONDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § ES.1158.353?

A common citation format is "The Texas Constitution § ES.1158.353" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § ES.1158.353 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.