Within 15 days after the date a bank is selected as a county depository or subdepository,
the bank must qualify as the depository or subdepository by providing security for
the funds to be deposited by the county with the bank. The depository or subdepository may secure these funds, at the option of the commissioners
(1) personal bond; surety bond; bonds, notes, and other securities; first mortgages
on real property; real property; certificates of deposit; or a combination of these
methods, as provided by this subchapter; or
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.