Texas § GV.404.0211 - CONFLICT OF INTEREST
Full text of Texas The Texas Constitution § GV.404.0211 — CONFLICT OF INTEREST, with citation guidance and answers to common questions.
§ GV.404.0211. CONFLICT OF INTEREST
CONFLICT OF INTEREST. A bank is not disqualified from serving as a depository for funds of a state agency if: (1) an officer or employee of the agency who does not have the duty to select the agency's depository is an officer, director, or shareholder of the bank; or (2) one or more officers or employees of the agency who have the duty to select the agency's depository are officers or directors of the bank or own or have a beneficial interest, individually or collectively, in 10 percent or less of the outstanding capital stock of the bank, if: (A) a majority of the members of the board, commission, or other body of the agency vote to select the bank as a depository; and (B) the interested officer or employee does not vote or take part in the proceedings. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 19, eff. Sept. 1, 1993.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.404.0211
What does The Texas Constitution § GV.404.0211 cover?
Section GV.404.0211 ("CONFLICT OF INTEREST") 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.404.0211?
A common citation format is "The Texas Constitution § GV.404.0211" (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.404.0211 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.