Texas § FI.184.301 - TRUST DEPOSITS
Full text of Texas The Texas Constitution § FI.184.301 — TRUST DEPOSITS, with citation guidance and answers to common questions.
§ FI.184.301. TRUST DEPOSITS
TRUST DEPOSITS. (a) A state trust company may deposit trust funds with itself as an investment if: (1) the deposit is authorized by the settlor or beneficiary; (2) the state trust company maintains as security for the deposit a separate fund of securities, legal for trust investments, under control of a federal reserve bank or a clearing corporation, as defined by Section 8.102 , Business & Commerce Code, within or outside this state; (3) the total market value of the security is at all times at least equal to the amount of the deposit; and (4) the separate fund is designated as a separate fund. (b) A state trust company may make periodic withdrawals from or additions to a securities fund required by Subsection (a) as long as the required value is maintained. Income from the securities in the fund belongs to the state trust company. (c) Security for a deposit under this section is not required for a deposit under Subsection (a) to the extent the deposit is insured by the Federal Deposit Insurance Corporation or its successor. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § FI.184.301
What does The Texas Constitution § FI.184.301 cover?
Section FI.184.301 ("TRUST DEPOSITS") 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 § FI.184.301?
A common citation format is "The Texas Constitution § FI.184.301" (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 § FI.184.301 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.