Texas Statutes
§ 105.053 — SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES.
Texas § 105.053
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 105.053 (SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES.) 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. Local Government Code Code Ann. § 105.053 (2026).
Text
Sec. 105.053. SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES. At any time the governing body of the municipality considers it necessary for the protection of the municipality, the governing body may direct the designated officer to investigate the solvency of a surety company that issues a bond on behalf of a municipal depository or investigate the value of securities pledged by a depository to secure municipal funds.
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Legislative History
Added by Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Renumbered from Sec. 105.056 and amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. Sept. 1, 1993.
Nearby Sections
15
§ 105.001
DEFINITIONS.§ 105.002
FUNDS AFFECTED.§ 105.011
DEPOSITORY AUTHORIZED.§ 105.012
NOTICE.§ 105.013
APPLICATION.§ 105.014
REVIEW OF APPLICATIONS.§ 105.015
SELECTION OF DEPOSITORY.§ 105.016
DESIGNATION OF DEPOSITORY.§ 105.017
TERM OF DEPOSITORY CONTRACT.§ 105.018
ADDITIONAL SERVICES.§ 105.031
QUALIFICATION AS DEPOSITORY.§ 105.033
SURETY BOND.§ 105.034
CONDITIONS TO ACTING AS DEPOSITORY.§ 105.051
MAINTENANCE OF SECURITY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 105.053, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/105.053.