Texas Statutes
§ 105.054 — SURRENDER OF INTEREST ON SECURITIES.
Texas § 105.054
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 105.054 (SURRENDER OF INTEREST ON 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. § 105.054 (2026).
Text
Sec. 105.054. SURRENDER OF INTEREST ON SECURITIES. Except as provided for in the collateral policies of the municipality adopted in accordance with Chapter 2257 , Government Code, on request of a municipal depository, the municipality shall surrender, when due, interest coupons or other evidence of interest on securities deposited by the depository with the governing body if the securities remaining pledged by the depository are adequate to meet the requirements of this chapter and of the governing body.
SUBCHAPTER E. DEPOSITORY ACCOUNTS
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Legislative History
Added by Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Renumbered from Sec. 105.057 and amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.95(12), eff. Sept. 1, 1995.
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 § 105.054, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/105.054.