Texas § HS.265.0178 - PLEDGE OF SECURITY
Full text of Texas The Texas Constitution § HS.265.0178 — PLEDGE OF SECURITY, with citation guidance and answers to common questions.
§ HS.265.0178. PLEDGE OF SECURITY
PLEDGE OF SECURITY. (a) A loan under Section 265.0177 may be: (1) payable from and secured by a pledge of all or part of the revenues, income, or resources of the hospital that are not pledged to pay a bonded indebtedness of the hospital; or (2) secured by a deed of trust or other security interest in any property of the hospital that is not pledged to pay a bonded indebtedness of the hospital. (b) The holder of a loan obligation under Section 265.0177 is not entitled to demand payment of the principal and interest on the loan from any money or property of the hospital other than the money or property specifically pledged to secure payment of the loan. Added by Acts 2003, 78th Leg., ch. 719, Sec. 1, eff. June 20, 2003.
Frequently Asked Questions About Texas § HS.265.0178
What does The Texas Constitution § HS.265.0178 cover?
Section HS.265.0178 ("PLEDGE OF SECURITY") 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 § HS.265.0178?
A common citation format is "The Texas Constitution § HS.265.0178" (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 § HS.265.0178 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.