Sec. 1201.021. CHARACTERISTICS OF PUBLIC SECURITY. A public security may: (1) be issued in any denomination; (2) bear no interest or bear interest at one or more specified rates; (3) be issued with one or more interest coupons or without a coupon; (4) be issued as redeemable before maturity at one or more specified times; and (5) be payable: (A) at one or more times; (B) in installments or a specified amount or amounts; (C) at a specified place or places; (D) under specified terms; and (E) in a specified form or manner.
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