Texas § 2257.048 ATTACHMENT AND PERFECTION OF SECURITY INTEREST.

Texas Statutes

§ 2257.048 — ATTACHMENT AND PERFECTION OF SECURITY INTEREST.

Texas § 2257.048

Code GVGovernment Code

This text of Texas § 2257.048 (ATTACHMENT AND PERFECTION OF SECURITY INTEREST.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 2257.048 (2026).

Text

Sec. 2257.048. ATTACHMENT AND PERFECTION OF SECURITY INTEREST.

(a)A security interest that arises out of a depository's pledge of a security to secure a deposit of public funds by a public entity or an institution of higher education, as defined by Section 61.003 , Education Code, is created, attaches, and is perfected for all purposes under state law from the time that the custodian identifies the pledge of the security on the custodian's books and records and issues the trust receipt.

(b)A security interest in a pledged security remains perfected in the hands of a subsequent custodian or permitted institution. SUBCHAPTER D. AUDITS AND EXAMINATIONS; PENALTIES

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Sec. 2257.048. ATTACHMENT AND PERFECTION OF SECURITY INTEREST. (a) A security interest that arises out of a depository's pledge of a security to secure a deposit of public funds by a public entity or an institution of higher education, as defined by Section 61.003 , Education Code, is created, attaches, and is perfected for all purposes under state law from the time that the custodian identifies the pledge of the security on the custodian's books and records and issues the trust receipt.
(b) A security interest in a pledged security remains perfected in the hands of a subsequent custodian or permitted institution.
SUBCHAPTER D. AUDITS AND EXAMINATIONS; PENALTIES