Texas § GV.404.021 - ELIGIBLE INSTITUTIONS
Full text of Texas The Texas Constitution § GV.404.021 — ELIGIBLE INSTITUTIONS, with citation guidance and answers to common questions.
§ GV.404.021. ELIGIBLE INSTITUTIONS
ELIGIBLE INSTITUTIONS. (a) Any state or national bank doing business in the state may be designated by the comptroller as a state depository. Designation of a bank as a depository includes all of the bank's branches within the state. (b) Any savings and loan association doing business in the state may be designated by the comptroller as a state depository. (c) Any state or federal credit union doing business in the state may be designated by the comptroller as a state depository. (d) Deposits of eligible institutions designated as state depositories must be covered by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund. Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1989, 71st Leg., ch. 78, Sec. 2, eff. May 11, 1989; Acts 1995, 74th Leg., ch. 426, Sec. 1, eff. June 9, 1995; Acts 1997, 75th Leg., ch. 891, Sec. 3.04, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § GV.404.021
What does The Texas Constitution § GV.404.021 cover?
Section GV.404.021 ("ELIGIBLE INSTITUTIONS") 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.404.021?
A common citation format is "The Texas Constitution § GV.404.021" (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.404.021 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.