Tex. Gov't Code Section 2257.043
Depository as Custodian or Permitted Institution


(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.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.

Source: Section 2257.043 — Depository as Custodian or Permitted Institution, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­2257.­htm#2257.­043 (accessed Apr. 20, 2024).

Accessed:
Apr. 20, 2024

§ 2257.043’s source at texas​.gov