Texas § 306.053 BONDS AS NEGOTIABLE INSTRUMENTS AND AUTHORIZED INVESTMENTS.

Texas Statutes

§ 306.053 — BONDS AS NEGOTIABLE INSTRUMENTS AND AUTHORIZED INVESTMENTS.

Texas § 306.053

Code LGLocal Government Code

This text of Texas § 306.053 (BONDS AS NEGOTIABLE INSTRUMENTS AND AUTHORIZED INVESTMENTS.) 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. § 306.053 (2026).

Text

Sec. 306.053. BONDS AS NEGOTIABLE INSTRUMENTS AND AUTHORIZED INVESTMENTS.

(a)The bonds are negotiable instruments and investment securities governed by Chapter 8 , Business & Commerce Code.

(b)The bonds are authorized investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, fiduciaries, trustees, and guardians, and for the sinking funds of municipalities, counties, school districts, and other political corporations or subdivisions of the state.

(c)The bonds are eligible to secure the deposit of public funds of the state and of municipalities, counties, school districts, and other political corporations or subdivisions of the state, and are sufficient security for those deposits to the extent of their face value if accompanied by all unma

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Sec. 306.053. BONDS AS NEGOTIABLE INSTRUMENTS AND AUTHORIZED INVESTMENTS. (a) The bonds are negotiable instruments and investment securities governed by Chapter 8 , Business & Commerce Code.
(b) The bonds are authorized investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, fiduciaries, trustees, and guardians, and for the sinking funds of municipalities, counties, school districts, and other political corporations or subdivisions of the state.
(c) The bonds are eligible to secure the deposit of public funds of the state and of municipalities, counties, school districts, and other political corporations or subdivisions of the state, and are sufficient security for those deposits to the extent of their face value if accompanied by all unmatured appurtenant interest coupons.