Texas § IN.2213.051 - CREATION OF BANK SELF-INSURANCE TRUST
Full text of Texas The Texas Constitution § IN.2213.051 — CREATION OF BANK SELF-INSURANCE TRUST, with citation guidance and answers to common questions.
§ IN.2213.051. CREATION OF BANK SELF-INSURANCE TRUST
CREATION OF BANK SELF-INSURANCE TRUST; COVERAGE. (a) A group or association of banks or bankers, composed of any number of members, may create a bank self-insurance trust to self-insure banks that are members of the group or association, or that have any officers who are members of the group or association, against losses described by this section. (b) The bank self-insurance trust may self-insure a bank described by Subsection (a) against losses resulting from: (1) dishonest acts and criminal acts of employees; (2) a robbery or other act commonly included within a bank's bond coverage; and (3) indemnification for a wrongful act committed by a director, officer, or employee of a member of the group or association, subject to the limitations under Chapter 8 , Business Organizations Code. (c) The trustees shall determine, according to the plan, the amount of coverage to be provided to a bank participating in the bank self-insurance trust. (d) Expired. (e) Expired. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.2213.051
What does The Texas Constitution § IN.2213.051 cover?
Section IN.2213.051 ("CREATION OF BANK SELF-INSURANCE TRUST") 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 § IN.2213.051?
A common citation format is "The Texas Constitution § IN.2213.051" (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 § IN.2213.051 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.