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Texas Local Government Code - LOC GOV'T § 105.054. Surrender of Interest on Securities

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

Except as provided for in the collateral policies of the municipality adopted in accordance with Chapter 2257,  1 Government Code, on request of a municipal depository, the municipality shall surrender, when due, interest coupons or other evidence of interest on securities deposited by the depository with the governing body if the securities remaining pledged by the depository are adequate to meet the requirements of this chapter and of the governing body.

1 V.T.C.A., Government Code § 2257.001 et seq.
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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 105.054. Surrender of Interest on Securities - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-105-054/

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