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Tex. Natural Resources Code § 161.1731

CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS

Texas · Texas Natural Resources Code · Status: effective

Banking, Finance & Insurance
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Tex. Natural Resources Code § 161.1731, CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/696943
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With the approval of the comptroller, the board, in managing the assets of the fund, pending the completion of an investment transaction, may: (1) select one or more commercial banks, depository trust companies, or other entities to serve as a custodian of the cash or securities of the fund; and (2) authorize the custodian to invest cash held under Subdivision (1) in the investments determined by the board.