Texas § GV.1205.151 - EFFECT OF JUDGMENT
Full text of Texas The Texas Constitution § GV.1205.151 — EFFECT OF JUDGMENT, with citation guidance and answers to common questions.
§ GV.1205.151. EFFECT OF JUDGMENT
EFFECT OF JUDGMENT. (a) This section applies to a final judgment of a district court in an action under this chapter that holds that: (1) the issuer had or has the authority on the terms set out in the issuer's petition to: (A) issue the public securities; or (B) take each public security authorization; and (2) each public security authorization and expenditure of money relating to the public securities was legal. (b) The judgment, as to each adjudicated matter and each matter that could have been raised, is binding and conclusive against: (1) the issuer; (2) the attorney general; (3) the comptroller; and (4) any party to the action, whether: (A) named and served with the notice of the proceedings; or (B) described by Section 1205.041 (a). (c) The judgment is a permanent injunction against the filing by any person of any proceeding contesting the validity of: (1) the public securities, a public security authorization, or an expenditure of money relating to the public securities described in the petition; (2) each provision made for the payment of the public securities or of any interest on the public securities; and (3) any adjudicated matter and any matter that could have been raised in the action. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § GV.1205.151
What does The Texas Constitution § GV.1205.151 cover?
Section GV.1205.151 ("EFFECT OF JUDGMENT") 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 § GV.1205.151?
A common citation format is "The Texas Constitution § GV.1205.151" (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 § GV.1205.151 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.