Texas Statutes
§ 116.028 — SUCCESSOR BANK AS COUNTY DEPOSITORY.
Texas § 116.028
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 116.028 (SUCCESSOR BANK AS COUNTY DEPOSITORY.) 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. § 116.028 (2026).
Text
Sec. 116.028. SUCCESSOR BANK AS COUNTY DEPOSITORY.
(a)If a bank selected to be a county depository and holding county funds is sold to another bank in an adjoining county, the successor bank in the adjoining county may continue to serve as a county depository and apply and be selected as a county depository if the successor bank:
(1)continues to have an office in an adjoining county; and
(2)timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository.
(b)If a bank selected as a county depository and holding county funds closes, a branch of the bank in an adjoining county may continue to serve as a county depository and apply to be a county depository if the successor bank:
(1)continues to have an office in an adjoining co
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Legislative History
Added by Acts 2023, 88th Leg., R.S., Ch. 1043 (S.B. 158 ), Sec. 2, eff. June 18, 2023.
Nearby Sections
15
§ 116.001
DEFINITIONS.§ 116.002
MONEY AFFECTED.§ 116.022
NOTICE.§ 116.023
APPLICATIONS.§ 116.026
APPLICANTS OUTSIDE COUNTY.§ 116.028
SUCCESSOR BANK AS COUNTY DEPOSITORY.§ 116.052
PERSONAL BOND.§ 116.053
SURETY BOND.§ 116.054
BONDS, NOTES, AND OTHER SECURITIES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 116.028, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/116.028.