Texas § 271.051 CERTIFICATES AS INVESTMENTS OR AS SECURITY FOR DEPOSITS.

Texas Statutes

§ 271.051 — CERTIFICATES AS INVESTMENTS OR AS SECURITY FOR DEPOSITS.

Texas § 271.051

Code LGLocal Government Code

This text of Texas § 271.051 (CERTIFICATES AS INVESTMENTS OR AS SECURITY FOR DEPOSITS.) 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. § 271.051 (2026).

Text

Sec. 271.051. CERTIFICATES AS INVESTMENTS OR AS SECURITY FOR DEPOSITS.

(a)Certificates approved by the attorney general are legal and authorized investments for:

(1)banks, savings banks, trust companies, and savings and loan associations;

(2)insurance companies;

(3)fiduciaries, trustees, and guardians; and

(4)sinking funds of municipalities, counties, school districts, or other political corporations or subdivisions of the state.

(b)Certificates approved by the attorney general are eligible to secure deposits of public funds of the state or a municipality, county, school district, or other political corporation or subdivision of the state. The certificates are sufficient security for the deposits to the extent of the face value of the certificates, if accompanied by any appurtenant u

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Sec. 271.051. CERTIFICATES AS INVESTMENTS OR AS SECURITY FOR DEPOSITS. (a) Certificates approved by the attorney general are legal and authorized investments for:
(1) banks, savings banks, trust companies, and savings and loan associations;
(2) insurance companies;
(3) fiduciaries, trustees, and guardians; and
(4) sinking funds of municipalities, counties, school districts, or other political corporations or subdivisions of the state.
(b) Certificates approved by the attorney general are eligible to secure deposits of public funds of the state or a municipality, county, school district, or other political corporation or subdivision of the state. The certificates are sufficient security for the deposits to the extent of the face value of the certificates, if accompanied by any appurtenant unmatured interest coupons.