SECTION 97.41. Requirements of Irrevocable Letter of Credit

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An irrevocable letter of credit must be obtained from an entity that has the power to issue letters of credit under the law and that is authorized to transact business in Texas.

Source Note: The provisions of this §97.41 adopted to be effective September 7, 1988, 13 TexReg 4233; amended to be effective September 3, 2009, 34 TexReg 5895

                    
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