Texas Finance Code
§ 65.013 — ACCOUNT AS LEGAL INVESTMENT
FI § 65.013Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 65. SAVINGS ACCOUNTS · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)Each of the following persons may invest money held by the person in a savings account of an association or a federal association:
(1)any fiduciary, including an administrator, executor, guardian, or trustee;
(2)a political subdivision or instrumentality of this state;
(3)an insurance company doing business in this state;
(4)a business or nonprofit corporation;
(5)a charitable or educational corporation or association; and
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Legislative history
Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.109, eff. September 1, 2005.