Texas § GV.2257.082 - FUNDS OF EXEMPT INSTITUTION

Full text of Texas The Texas Constitution § GV.2257.082 — FUNDS OF EXEMPT INSTITUTION, with citation guidance and answers to common questions.

§ GV.2257.082. FUNDS OF EXEMPT INSTITUTION

FUNDS OF EXEMPT INSTITUTION. An exempt institution is not required to have its funds fully insured or collateralized at all times if: (1) the funds are held by: (A) a custodian of the institution's assets under a trust agreement; or (B) a person in connection with a transaction related to an investment; and (2) the governing body of the institution, in exercising its fiduciary responsibility, determines that the institution is adequately protected by using a trust agreement, special deposit, surety bond, substantial deposit insurance, or other method an exempt institution commonly uses to protect itself from liability. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.

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

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Frequently Asked Questions About Texas § GV.2257.082

What does The Texas Constitution § GV.2257.082 cover?

Section GV.2257.082 ("FUNDS OF EXEMPT INSTITUTION") 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.2257.082?

A common citation format is "The Texas Constitution § GV.2257.082" (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.2257.082 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.