Texas § LG.116.028 - SUCCESSOR BANK AS COUNTY DEPOSITORY
Full text of Texas The Texas Constitution § LG.116.028 — SUCCESSOR BANK AS COUNTY DEPOSITORY, with citation guidance and answers to common questions.
§ LG.116.028. SUCCESSOR BANK AS COUNTY DEPOSITORY
SUCCESSOR BANK AS COUNTY DEPOSITORY. (a) If a bank selected to be a county depository and holding county funds is sold to another bank in an adjoining county, the successor bank in the adjoining county may continue to serve as a county depository and apply and be selected as a county depository if the successor bank: (1) continues to have an office in an adjoining county; and (2) timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository. (b) If a bank selected as a county depository and holding county funds closes, a branch of the bank in an adjoining county may continue to serve as a county depository and apply to be a county depository if the successor bank: (1) continues to have an office in an adjoining county; and (2) timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository. Added by Acts 2023, 88th Leg., R.S., Ch. 1043 (S.B. 158 ), Sec. 2, eff. June 18, 2023. SUBCHAPTER C. SECURITY FOR FUNDS HELD BY DEPOSITORY
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.116.028
What does The Texas Constitution § LG.116.028 cover?
Section LG.116.028 ("SUCCESSOR BANK AS COUNTY 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.116.028?
A common citation format is "The Texas Constitution § LG.116.028" (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.116.028 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.