Texas § FI.65.013 - ACCOUNT AS LEGAL INVESTMENT
Full text of Texas The Texas Constitution § FI.65.013 — ACCOUNT AS LEGAL INVESTMENT, with citation guidance and answers to common questions.
§ FI.65.013. ACCOUNT AS LEGAL INVESTMENT
ACCOUNT AS LEGAL INVESTMENT. (a) Each of the following persons may invest money held by the person in a savings account of an association or a federal association: (1) any fiduciary, including an administrator, executor, guardian, or trustee; (2) a political subdivision or instrumentality of this state; (3) an insurance company doing business in this state; (4) a business or nonprofit corporation; (5) a charitable or educational corporation or association; and (6) a financial institution, including a bank or credit union. (b) An investment by an insurance company in a savings account is eligible for tax reducing purposes under Chapter 221 , Insurance Code. (c) An investment by a school district in a savings account insured by the Federal Deposit Insurance Corporation is considered to meet the requirements of Section 45.102 , Education Code. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2005, 79th Leg., Ch. 728 (H.B. 2018 ), Sec. 11.109, eff. September 1, 2005. SUBCHAPTER B. PROVISIONS APPLICABLE TO SPECIFIC TYPES OF ACCOUNTS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.65.013
What does The Texas Constitution § FI.65.013 cover?
Section FI.65.013 ("ACCOUNT AS LEGAL INVESTMENT") 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.65.013?
A common citation format is "The Texas Constitution § FI.65.013" (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.65.013 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.