Texas § GV.1207.031 - WITHDRAWAL OF DEPOSIT

Full text of Texas The Texas Constitution § GV.1207.031 — WITHDRAWAL OF DEPOSIT, with citation guidance and answers to common questions.

§ GV.1207.031. WITHDRAWAL OF DEPOSIT

WITHDRAWAL OF DEPOSIT. (a) An issuer that has made the deposit and payments required by this subchapter may apply to the comptroller to withdraw from the paying agent the amount of money deposited to the credit of the account of an obligation that has been refunded, including interest and premium, if any, by exhibiting the canceled obligation to the comptroller. The comptroller shall make a proper record of payment and cancellation of that obligation. (b) An issuer may withdraw money deposited under this subchapter only if: (1) the conditions stated in Subsection (a) are met; or (2) the attorney general certifies to the comptroller that the issuer's payment of the obligation as to which the deposit was made is barred by limitation and forbidden by law. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § GV.1207.031

What does The Texas Constitution § GV.1207.031 cover?

Section GV.1207.031 ("WITHDRAWAL OF DEPOSIT") 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.1207.031?

A common citation format is "The Texas Constitution § GV.1207.031" (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.1207.031 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.