Texas Statutes
§ 131.903 — CONFLICT OF INTEREST.
Texas § 131.903
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 131.903 (CONFLICT OF INTEREST.) 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. § 131.903 (2026).
Text
Sec. 131.903. CONFLICT OF INTEREST.
(a)A bank is not disqualified from serving as a depository for funds of a political subdivision if:
(1)an officer or employee of the political subdivision who does not have the duty to select the political subdivision's depository is an officer, director, or shareholder of the bank; or
(2)one or more officers or employees of the political subdivision who have the duty to select the political subdivision's depository are officers or directors of the bank or own or have a beneficial interest, individually or collectively, in 10 percent or less of the outstanding capital stock of the bank, if:
(A)a majority of the members of the board, commission, or other body of the political subdivision vote to select the bank as a depository; and
(B)the interested
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Related
Opinion No.
(Texas Attorney General Reports, 2002)
Legislative History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 36, eff. Sept. 1, 1993.
Nearby Sections
8
§ 131.001
SPECIAL DEPOSITORY AUTHORIZED.§ 131.002
DUTIES OF SPECIAL DEPOSITORY.§ 131.003
SPECIAL DEPOSITORY CONTRACT.§ 131.004
BOND.§ 131.005
STATE FUNDS.§ 131.901
OUT-OF-STATE DEPOSITORY PROHIBITED.§ 131.903
CONFLICT OF INTEREST.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 131.903, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/131.903.