Texas § GV.1372.041 - REFUSAL TO ACCEPT RESERVATION BY ISSUER

Full text of Texas The Texas Constitution § GV.1372.041 — REFUSAL TO ACCEPT RESERVATION BY ISSUER, with citation guidance and answers to common questions.

§ GV.1372.041. REFUSAL TO ACCEPT RESERVATION BY ISSUER

REFUSAL TO ACCEPT RESERVATION BY ISSUER. (a) An issuer may: (1) refuse to accept a reservation if the amount of state ceiling available is less than the amount for which the issuer applied; or (2) refuse to accept a reservation for any amount if the reservation is granted after September 23. (b) The amount of available state ceiling is subject to the grant of a reservation to each succeeding issuer eligible to be granted a reservation of that available state ceiling in the order of priority under this subchapter. (c) An issuer's refusal to accept a reservation does not affect the issuer's order of priority for a subsequent grant of a reservation. 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.1372.041

What does The Texas Constitution § GV.1372.041 cover?

Section GV.1372.041 ("REFUSAL TO ACCEPT RESERVATION BY ISSUER") 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.1372.041?

A common citation format is "The Texas Constitution § GV.1372.041" (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.1372.041 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.