Texas § GV.1207.027 - COMPTROLLER TO ACCEPT AND KEEP SAFE DEPOSITS

Full text of Texas The Texas Constitution § GV.1207.027 — COMPTROLLER TO ACCEPT AND KEEP SAFE DEPOSITS, with citation guidance and answers to common questions.

§ GV.1207.027. COMPTROLLER TO ACCEPT AND KEEP SAFE DEPOSITS

COMPTROLLER TO ACCEPT AND KEEP SAFE DEPOSITS. (a) The comptroller shall: (1) accept each deposit, payment, or instrument received under this subchapter; and (2) safely keep and use the money only for a purpose specified in this subchapter. (b) Money deposited with the comptroller under this subchapter may not be: (1) used by or for the benefit of this state or for the benefit of a creditor of this state, except as provided by Section 1207.032 ; or (2) commingled with other money. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: official Texas text · Last verified 2026-08-27

Related Texas Legal Topics

Frequently Asked Questions About Texas § GV.1207.027

What does The Texas Constitution § GV.1207.027 cover?

Section GV.1207.027 ("COMPTROLLER TO ACCEPT AND KEEP SAFE 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 § GV.1207.027?

A common citation format is "The Texas Constitution § GV.1207.027" (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 § GV.1207.027 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.