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Texas Government Code - GOV'T § 2257.043. Depository as Custodian or Permitted Institution

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A public entity other than a state agency may prohibit a depository or an entity of which the depository is a branch from being the custodian of or permitted institution for a security the depository pledges to secure a deposit of public funds.

(b) A depository or an entity of which the depository is a branch may not be the custodian of or permitted institution for a security the depository pledges to secure a deposit of public funds by a state agency.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2257.043. Depository as Custodian or Permitted Institution - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2257-043/

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