Texas § 363.141 LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.

Texas Statutes

§ 363.141 — LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.

Texas § 363.141

Code HSHealth and Safety Code

This text of Texas § 363.141 (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. § 363.141 (2026).

Text

Sec. 363.141. LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.

(a)Public agency 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;

(7)a trustee;

(8)a guardian; and

(9)a sinking fund of a municipality, county, school district, or other political subdivision of the state and other public funds of the state, including the permanent school fund.

(b)Public agency bonds may secure the deposits of public funds of the state or a municipality, county, school district, or other political subdivision of the state. The bonds are lawful and sufficient security for deposits to the extent of their value, if accompanied by all unmatured coupons.

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Sec. 363.141. LEGAL INVESTMENTS; SECURITY FOR DEPOSITS. (a) Public agency 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;
(7) a trustee;
(8) a guardian; and
(9) a sinking fund of a municipality, county, school district, or other political subdivision of the state and other public funds of the state, including the permanent school fund.
(b) Public agency bonds may secure the deposits of public funds of the state or a municipality, county, school district, or other political subdivision of the state. The bonds are lawful and sufficient security for deposits to the extent of their value, if accompanied by all unmatured coupons.