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Tex. Special District Local Laws Code § 8262.155

DEPOSITORY

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 8262.155, DEPOSITORY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/613387
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(a) The board shall select one or more banks in this state to act as depository for the district's money. (b) To the extent that money in the depository bank is not insured by the Federal Deposit Insurance Corporation, the money must be secured in the manner provided by law for the security of county funds. (c) A director may be a shareholder in a bank that is a depository of district money.