Texas § LG.105.034 - CONDITIONS TO ACTING AS DEPOSITORY
Full text of Texas The Texas Constitution § LG.105.034 — CONDITIONS TO ACTING AS DEPOSITORY, with citation guidance and answers to common questions.
§ LG.105.034. CONDITIONS TO ACTING AS DEPOSITORY
CONDITIONS TO ACTING AS DEPOSITORY. (a) The depository shall: (1) keep the municipal funds covered by the depository services contract; (2) perform all duties and obligations imposed on the depository by law and under the depository services contract; (3) pay on presentation all checks drawn and properly payable on a demand deposit account with the depository; (4) pay all transfers properly payable as directed by a designated officer; (5) provide and maintain security at the level required by the provisions of Chapter 2257 , Government Code; and (6) account for the municipal funds as required by law. (b) Any suit brought in connection with a depository services contract must be tried in the county in which the city hall of the municipality is located. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. Sept. 1, 1993; Acts 1995, 74th Leg., ch. 76, Sec. 5.95(12), eff. Sept. 1, 1995. SUBCHAPTER D. MAINTENANCE AND MODIFICATION OF SECURITY
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.105.034
What does The Texas Constitution § LG.105.034 cover?
Section LG.105.034 ("CONDITIONS TO ACTING AS DEPOSITORY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § LG.105.034?
A common citation format is "The Texas Constitution § LG.105.034" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § LG.105.034 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.