Texas § LG.105.051 - MAINTENANCE OF SECURITY
Full text of Texas The Texas Constitution § LG.105.051 — MAINTENANCE OF SECURITY, with citation guidance and answers to common questions.
§ LG.105.051. MAINTENANCE OF SECURITY
MAINTENANCE OF SECURITY. (a) A depository services contract shall contain terms and conditions relating to the possession, substitution, or release of security, including: (1) requiring the depository to execute a new bond or pledge additional securities for the deposit of municipal funds; (2) substituting one security for another; (3) releasing securities pledged by a depository in excess of the amount required by this chapter; (4) the time period in which such addition, substitution, or release of security by a depository may occur; and (5) other matters relating to the possession, substitution, or release of security the municipality considers necessary for its protection. (b) If a depository fails for any reason to comply with the requirements governing the possession, substitution, or release of security, the governing body may select a new depository in the manner provided in this chapter. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. Sept. 1, 1993.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.105.051
What does The Texas Constitution § LG.105.051 cover?
Section LG.105.051 ("MAINTENANCE OF SECURITY") 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 § LG.105.051?
A common citation format is "The Texas Constitution § LG.105.051" (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 § LG.105.051 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.