Texas Statutes
§ 394.057 — BOND AS AUTHORIZED INVESTMENT OR AS SECURITY FOR DEPOSIT.
Texas § 394.057
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 394.057 (BOND AS AUTHORIZED INVESTMENT OR AS SECURITY FOR DEPOSIT.) 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. § 394.057 (2026).
Text
Sec. 394.057. BOND AS AUTHORIZED INVESTMENT OR AS SECURITY FOR DEPOSIT.
(a)Bonds issued under this chapter are legal and authorized investments for any bank, savings bank, trust company, savings and loan association, insurance company, fiduciary, trustee, guardian, or sinking fund of a municipality, county, school district, or other political corporation or subdivision of the state.
(b)The bonds are eligible to secure the deposit of any public funds of this state or of a municipality, county, school district, or other political corporation or subdivision of the state, and are lawful and sufficient securities for the deposits at face value if accompanied by all unmatured coupons, if any, appurtenant to the bonds.
SUBCHAPTER Z. MISCELLANEOUS PROVISIONS
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Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Nearby Sections
15
§ 394.001
SHORT TITLE.§ 394.002
PURPOSE; LEGISLATIVE FINDINGS.§ 394.003
DEFINITIONS.§ 394.011
APPLICATION FOR INCORPORATION.§ 394.013
INCORPORATORS.§ 394.014
ARTICLES OF INCORPORATION.§ 394.021
BOARD OF DIRECTORS.§ 394.022
ORGANIZATIONAL MEETING.§ 394.023
DISPOSITION OF CORPORATE EARNINGS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 394.057, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/394.057.