SECTION 53.216. Bank/Credit Facility Documentation

The following shall constitute documentation of the bank/credit facility:

(1) if a bank or other entity is involved as trustee, escrow agent, or credit facility, evidence of the entity's corporate authority to act as such;

(2) if a credit or similar agreement is to be submitted in executed form pursuant to §53.212(3) of this title (relating to Basic Financing Documents), evidence of corporate authority to act as such;

(3) authority for specified officers to execute transcript documents and signature identification of such officers.

Source Note: The provisions of this §53.216 adopted to be effective November 14, 1990, 15 TexReg 6289.