Texas § 2257.044 CUSTODIAN AS BAILEE.

Texas Statutes

§ 2257.044 — CUSTODIAN AS BAILEE.

Texas § 2257.044

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 2257.044 (2026).

Text

Sec. 2257.044. CUSTODIAN AS BAILEE.

(a)A custodian under this chapter or a custodian of a security pledged to an institution of higher education, as defined by Section 61.003 , Education Code, whether acting alone or through a permitted institution, is for all purposes the bailee or agent of the public entity or institution depositing the public funds with the depository.

(b)To the extent of any conflict, Subsection (a) prevails over Chapter 8 or 9 , Business & Commerce Code.

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Sec. 2257.044. CUSTODIAN AS BAILEE. (a) A custodian under this chapter or a custodian of a security pledged to an institution of higher education, as defined by Section 61.003 , Education Code, whether acting alone or through a permitted institution, is for all purposes the bailee or agent of the public entity or institution depositing the public funds with the depository.
(b) To the extent of any conflict, Subsection (a) prevails over Chapter 8 or 9 , Business & Commerce Code.