Texas § 262.050 LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.

Texas Statutes

§ 262.050 — LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.

Texas § 262.050

Code HSHealth and Safety Code

This text of Texas § 262.050 (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. § 262.050 (2026).

Text

Sec. 262.050. LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.

(a)Bonds issued under this chapter 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; or

(6)the interest and sinking fund or other public fund of an authority.

(b)The bonds are eligible and lawful security, to the extent of the value of the bonds, for the deposits of public funds of the state or an authority if accompanied by all appurtenant unmatured interest coupons.

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Sec. 262.050. LEGAL INVESTMENTS; SECURITY FOR DEPOSITS. (a) Bonds issued under this chapter 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; or
(6) the interest and sinking fund or other public fund of an authority.
(b) The bonds are eligible and lawful security, to the extent of the value of the bonds, for the deposits of public funds of the state or an authority if accompanied by all appurtenant unmatured interest coupons.