Texas § 2211.207 CONTENTS OF PUBLIC SECURITY RESOLUTION; ADMINISTRATION OF ACCOUNTS.

Texas Statutes

§ 2211.207 — CONTENTS OF PUBLIC SECURITY RESOLUTION; ADMINISTRATION OF ACCOUNTS.

Texas § 2211.207

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This text of Texas § 2211.207 (CONTENTS OF PUBLIC SECURITY RESOLUTION; ADMINISTRATION OF ACCOUNTS.) 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. § 2211.207 (2026).

Text

Sec. 2211.207. CONTENTS OF PUBLIC SECURITY RESOLUTION; ADMINISTRATION OF ACCOUNTS.

(a)In a public security resolution, the board may:

(1)provide for the flow of funds and the establishment, maintenance, and investment of funds and special accounts with regard to the public securities, including an interest and sinking fund account, a reserve account, and other accounts; and

(2)make additional covenants with regard to the public securities and the designated income and receipts of the association pledged to the payment of the public securities.

(b)The association shall administer the accounts in accordance with this chapter.

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Sec. 2211.207. CONTENTS OF PUBLIC SECURITY RESOLUTION; ADMINISTRATION OF ACCOUNTS. (a) In a public security resolution, the board may:
(1) provide for the flow of funds and the establishment, maintenance, and investment of funds and special accounts with regard to the public securities, including an interest and sinking fund account, a reserve account, and other accounts; and
(2) make additional covenants with regard to the public securities and the designated income and receipts of the association pledged to the payment of the public securities.
(b) The association shall administer the accounts in accordance with this chapter.