Texas § 2205.254 DEPOSITORY BANK.

Texas Statutes

§ 2205.254 — DEPOSITORY BANK.

Texas § 2205.254

Code INInsurance Code

This text of Texas § 2205.254 (DEPOSITORY BANK.) 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. Insurance Code Code Ann. § 2205.254 (2026).

Text

Sec. 2205.254. DEPOSITORY BANK.

(a)The board may select one or more banks to serve as a depository for the fund.

(b)A depository bank must provide security before money in the fund may be deposited in the bank in an amount that exceeds the maximum amount secured by the Federal Deposit Insurance Corporation. The security must be in an amount sufficient to secure the excess amount of the deposit. SUBCHAPTER G. POOL COVERAGE

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Sec. 2205.254. DEPOSITORY BANK. (a) The board may select one or more banks to serve as a depository for the fund.
(b) A depository bank must provide security before money in the fund may be deposited in the bank in an amount that exceeds the maximum amount secured by the Federal Deposit Insurance Corporation. The security must be in an amount sufficient to secure the excess amount of the deposit.
SUBCHAPTER G. POOL COVERAGE