Texas Finance Code

§ 95.010 — ACCOUNT AS LEGAL INVESTMENT

FI § 95.010Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 95. DEPOSIT ACCOUNTS · Art. A. GENERAL PROVISIONS

(a)Each of the following persons may invest money held by the person in a deposit account of a savings bank doing business in this state:

(1)any fiduciary, including an administrator, executor, guardian, or trustee;

(2)a political subdivision or instrumentality of this state;

(3)a business or nonprofit corporation;

(4)a charitable or educational corporation or association; and

(5)a financial institution, including a bank, savings and loan association, or credit union.

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Legislative history

Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.110, eff. September 1, 2005.