Texas § 162.047 BONDS AS INVESTMENTS AND SECURITY.

Texas Statutes

§ 162.047 — BONDS AS INVESTMENTS AND SECURITY.

Texas § 162.047

Code NRNatural Resources Code

This text of Texas § 162.047 (BONDS AS INVESTMENTS AND SECURITY.) 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. Natural Resources Code Code Ann. § 162.047 (2026).

Text

Sec. 162.047. BONDS AS INVESTMENTS AND SECURITY.

(a)Bonds issued under this chapter are legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, guardians, and the sinking funds of cities, towns, villages, counties, school districts, and other political subdivisions and public agencies of the state.

(b)The bonds are legal and sufficient security for the deposits in the amount of the par value of the bonds.

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Sec. 162.047. BONDS AS INVESTMENTS AND SECURITY. (a) Bonds issued under this chapter are legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, guardians, and the sinking funds of cities, towns, villages, counties, school districts, and other political subdivisions and public agencies of the state.
(b) The bonds are legal and sufficient security for the deposits in the amount of the par value of the bonds.