1 Tex. Admin. Code § 97.42 - Cancellation of Irrevocable Letter of Credit
An irrevocable letter of credit established in accordance with § 97.41 of this title (relating to Requirements of Irrevocable Letter of Credit) shall be maintained until the earlier of:
(1) approval of the secretary of state to cancel the irrevocable letter of credit; or
(2) two years after the registrant formally terminates registration.
Notes
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