Texas § LG.116.057 - CONDITION OF PERSONAL BOND OR CONTRACT FOR SECURITIES
Full text of Texas The Texas Constitution § LG.116.057 — CONDITION OF PERSONAL BOND OR CONTRACT FOR SECURITIES, with citation guidance and answers to common questions.
§ LG.116.057. CONDITION OF PERSONAL BOND OR CONTRACT FOR SECURITIES
CONDITION OF PERSONAL BOND OR CONTRACT FOR SECURITIES. (a) A personal bond provided or a contract for the pledge of securities under this subchapter must be conditioned that the depository will: (1) faithfully keep the county funds and faithfully perform all duties and obligations imposed by law on the depository; (2) pay all checks drawn on a demand deposit account in a depository on presentation by the county treasurer; (3) pay all checks drawn on a time deposit account on presentation after the expiration of the required period of notice; and (4) account for the county funds as required by law. (b) A suit on a personal bond or a contract for securities provided or pledged under this subchapter must be tried in the county for which the depository is selected. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.116.057
What does The Texas Constitution § LG.116.057 cover?
Section LG.116.057 ("CONDITION OF PERSONAL BOND OR CONTRACT FOR SECURITIES") 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.116.057?
A common citation format is "The Texas Constitution § LG.116.057" (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.116.057 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.