Texas § LG.116.026 - APPLICANTS OUTSIDE COUNTY
Full text of Texas The Texas Constitution § LG.116.026 — APPLICANTS OUTSIDE COUNTY, with citation guidance and answers to common questions.
§ LG.116.026. APPLICANTS OUTSIDE COUNTY
APPLICANTS OUTSIDE COUNTY. (a) If no bank located in the county applies to be designated as the county depository, the commissioners court may advertise, in the same manner provided by Section 116.022 for advertising for a depository within the county, for applications from banks in an adjoining county or any other county in this state. (b) If only one bank located in the county applies to be designated as the county depository, the commissioners court may reject the applicant if the applicant proposes terms that: (1) are not in the best interest of the county; (2) are not financially competitive with the financial market outside the county; or (3) impose noncompetitive fees. (c) If the commissioners court rejects the applicant under Subsection (b), the commissioners court may advertise, in the same manner provided by Section 116.022 for advertising for a depository within the county, for applications from banks in an adjoining county. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by: Acts 2023, 88th Leg., R.S., Ch. 1043 (S.B. 158 ), Sec. 1, eff. June 18, 2023.
Frequently Asked Questions About Texas § LG.116.026
What does The Texas Constitution § LG.116.026 cover?
Section LG.116.026 ("APPLICANTS OUTSIDE COUNTY") 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.116.026?
A common citation format is "The Texas Constitution § LG.116.026" (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.116.026 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.