Texas Statutes
§ 221.068 — LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.
Texas § 221.068
JurisdictionTexas
Code HSHealth and Safety Code
This text of Texas § 221.068 (LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.) 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. Health and Safety Code Code Ann. § 221.068 (2026).
Text
Sec. 221.068. LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.
(a)Unless made ineligible under other law, rules, or rulings, bonds are legal and authorized investments for:
(1)a bank;
(2)a savings bank;
(3)a trust company;
(4)a savings and loan association;
(5)an insurance company;
(6)a fiduciary, trustee, or guardian; and
(7)a sinking fund of a municipality, county, school district, or other political corporation or subdivision of the state.
(b)The bonds may secure the deposit of public funds of the state or a municipality, county, school district, or other political corporation or subdivision of the state. The bonds are lawful and sufficient security for those deposits at their face value if accompanied by all appurtenant unmatured coupons, if any.
SUBCHAPTER D. DISSOLUTION OF CORPORAT
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Legislative History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Nearby Sections
15
§ 221.001
SHORT TITLE.§ 221.002
PURPOSE; CONSTRUCTION.§ 221.003
DEFINITIONS.§ 221.004
ADOPTION OF ALTERNATE PROCEDURE.§ 221.005
EFFECT OF CHAPTER ON OTHER LAW.§ 221.011
AUTHORITY TO CREATE.§ 221.012
PROCEDURE.§ 221.013
ARTICLES OF INCORPORATION.§ 221.014
CERTIFICATE OF INCORPORATION.§ 221.015
ORGANIZATIONAL MEETING.§ 221.017
CERTIFICATE OF AMENDMENT.§ 221.018
RESTATED ARTICLES OF INCORPORATION.§ 221.020
REGISTERED OFFICE AND AGENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 221.068, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/HS/221.068.