Texas § 364.057 LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.

Texas Statutes

§ 364.057 — LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.

Texas § 364.057

Code HSHealth and Safety Code

This text of Texas § 364.057 (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. § 364.057 (2026).

Text

Sec. 364.057. 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;

(6)a fiduciary;

(7)a trustee; and

(8)a sinking fund of a municipality, school district, or any other political corporation or subdivision of the state.

(b)The bonds may secure the deposits of public funds of the state or of a political subdivision of the state. The bonds are lawful and sufficient security for those deposits in an amount up to their face value, if accompanied by all appurtenant unmatured coupons.

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Sec. 364.057. 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;
(6) a fiduciary;
(7) a trustee; and
(8) a sinking fund of a municipality, school district, or any other political corporation or subdivision of the state.
(b) The bonds may secure the deposits of public funds of the state or of a political subdivision of the state. The bonds are lawful and sufficient security for those deposits in an amount up to their face value, if accompanied by all appurtenant unmatured coupons.