Texas § FI.274.203 - DEPOSIT OF MONEY WITH AFFILIATED BANK
Full text of Texas The Texas Constitution § FI.274.203 — DEPOSIT OF MONEY WITH AFFILIATED BANK, with citation guidance and answers to common questions.
§ FI.274.203. DEPOSIT OF MONEY WITH AFFILIATED BANK
DEPOSIT OF MONEY WITH AFFILIATED BANK. (a) A subsidiary trust company may deposit with an affiliated bank of the company fiduciary money that is being held pending an investment, distribution, or payment of a debt if: (1) the company maintains under its control as security for the deposit a separate fund of securities legal for trust investments pledged by the bank; (2) the total market value of the securities is at all times at least equal to the amount of the deposit; and (3) the fund of securities is designated as a separate fund. (b) The bank may make periodic withdrawals from or additions to the fund of securities required by this section only if the required value is maintained. (c) Income from securities in the fund belongs to the bank. (d) Security for a deposit under this section is not required to the extent the deposit is insured or otherwise secured under law. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.274.203
What does The Texas Constitution § FI.274.203 cover?
Section FI.274.203 ("DEPOSIT OF MONEY WITH AFFILIATED BANK") 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.274.203?
A common citation format is "The Texas Constitution § FI.274.203" (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.274.203 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.