Tex. Local Government Code § 116.154
LIABILITY OF DEPOSITORY PENDING COLLECTION OF DEPOSITS
Texas · Texas Local Government Code · Status: effective
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- Citation
- Tex. Local Government Code § 116.154, LIABILITY OF DEPOSITORY PENDING COLLECTION OF DEPOSITS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/689284
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Full text
A county depository that uses due diligence to collect a check, draft, or demand for money deposited by the county with the depository is not liable for the collection until the proceeds have been received by the depository. The depository shall charge the county and the county shall pay a collection expense that the depository may not pay or absorb because of a federal law or a regulation adopted by the board of governors of the Federal Reserve System or by the board of directors of the Federal Deposit Insurance Corporation.