Texas Statutes
§ 116.153 — PRO RATA RECOVERY BY STATE AND COUNTY.
Texas § 116.153
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 116.153 (PRO RATA RECOVERY BY STATE AND COUNTY.) 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. § 116.153 (2026).
Text
Sec. 116.153. PRO RATA RECOVERY BY STATE AND COUNTY. If a county depository becomes insolvent and it becomes necessary to resort to the depository's bond or bonds to recover funds of the county and the state, the state and county are entitled to share pro rata in the recovery.
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Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
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 § 116.153, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/116.153.