Tex. Fin. Code § 154.353 · Subchapter H. GUARANTY FUND
DEPOSIT OF FUND OR PORTION OF FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The fund or a portion of the fund may be deposited:
(1) with the comptroller;
(2) with a federally insured financial institution that has its main office or a branch in this state; or
(3) in trust with a financial institution that has its main office or a branch in this state and is authorized to act as a fiduciary in this state.
(b) If the fund or a portion of the fund is deposited with the comptroller, the comptroller shall manage the deposit as trustee of money outside the state treasury.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 344, Sec. 2.027, eff. Sept. 1, 1999.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 559 (H.B. 3004), Sec. 2, eff. June 17, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.154.htm
- Text hash
- sha256 d7234fde2e3f903d34811e45590ff8d6f8d9ee18e3d9c9d0bed1e1a216f6ca16
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.