Texas § IN.493.105 - ACCEPTABILITY OF CERTAIN LETTERS OF CREDIT
Full text of Texas The Texas Constitution § IN.493.105 — ACCEPTABILITY OF CERTAIN LETTERS OF CREDIT, with citation guidance and answers to common questions.
§ IN.493.105. ACCEPTABILITY OF CERTAIN LETTERS OF CREDIT
ACCEPTABILITY OF CERTAIN LETTERS OF CREDIT. A letter of credit issued or confirmed by an institution that meets the standards prescribed by Section 493.104 (b)(2)(C) as of the date the letter is issued or confirmed, but later fails to meet those standards, continues to be acceptable as security under Section 493.104 until the earliest of: (1) the letter's expiration; (2) the letter's extension, renewal, modification, or amendment after the date the institution fails to meet those standards; or (3) the expiration of the three-month period after the date the institution fails to meet those standards. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.493.105
What does The Texas Constitution § IN.493.105 cover?
Section IN.493.105 ("ACCEPTABILITY OF CERTAIN LETTERS OF CREDIT") 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 § IN.493.105?
A common citation format is "The Texas Constitution § IN.493.105" (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 § IN.493.105 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.