Texas § HS.362.038 - OTHER SECURITY

Full text of Texas The Texas Constitution § HS.362.038 — OTHER SECURITY, with citation guidance and answers to common questions.

§ HS.362.038. OTHER SECURITY

OTHER SECURITY. (a) The bonds may be additionally secured by a mortgage, deed of trust lien, or security interest in a designated system of the issuer's governing body and all property and rights appurtenant to the system. (b) The mortgage, deed of trust lien, or security interest may give the trustee the power to operate the system, sell the system to pay the debt, or take any other action to secure the bonds. (c) A purchaser at a sale under a mortgage or deed of trust lien is the absolute owner of the system and rights purchased. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

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Frequently Asked Questions About Texas § HS.362.038

What does The Texas Constitution § HS.362.038 cover?

Section HS.362.038 ("OTHER 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.362.038?

A common citation format is "The Texas Constitution § HS.362.038" (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.362.038 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.