Texas § IN.2208.253 - DEPOSITORY
Full text of Texas The Texas Constitution § IN.2208.253 — DEPOSITORY, with citation guidance and answers to common questions.
§ IN.2208.253. DEPOSITORY
DEPOSITORY. (a) The board may select one or more banks to serve as depository for money in the fund. (b) A depository bank must execute a bond or provide other security before the pool manager may deposit fund money in the bank in an amount that exceeds the maximum amount secured by the Federal Deposit Insurance Corporation. The bond or other security must be in an amount sufficient to secure the excess amount of the deposit. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007. SUBCHAPTER G. POOL COVERAGE
Frequently Asked Questions About Texas § IN.2208.253
What does The Texas Constitution § IN.2208.253 cover?
Section IN.2208.253 ("DEPOSITORY") 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 § IN.2208.253?
A common citation format is "The Texas Constitution § IN.2208.253" (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 § IN.2208.253 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.