Texas § NR.161.128 - BONDS AS INVESTMENTS AND SECURITY
Full text of Texas The Texas Constitution § NR.161.128 — BONDS AS INVESTMENTS AND SECURITY, with citation guidance and answers to common questions.
§ NR.161.128. BONDS AS INVESTMENTS AND SECURITY
BONDS AS INVESTMENTS AND SECURITY. (a) Bonds issued under this chapter are legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, guardians, and for the sinking funds of cities, towns, villages, counties, school districts, and other political subdivisions and public agencies of the state. (b) The bonds are legal and sufficient security for the deposits in the amount of the par value of the bonds. Acts 1977, 65th Leg., p. 2661, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 1.13, eff. Aug. 30, 1993.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § NR.161.128
What does The Texas Constitution § NR.161.128 cover?
Section NR.161.128 ("BONDS AS INVESTMENTS AND 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 § NR.161.128?
A common citation format is "The Texas Constitution § NR.161.128" (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 § NR.161.128 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.