Tex. Fin. Code § 155.005 · Chapter 155. BOND INVESTMENT COMPANIES
EXCHANGE OF DEPOSIT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On request, the comptroller may allow a bond investment company that has made a deposit under this chapter to alter the composition of the deposit by exchanging cash for securities or securities for cash.
(b) Securities deposited under this section must be approved by the comptroller on the written advice of the attorney general.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.155.htm
- Text hash
- sha256 f531482a7f1678b392064ae21c36eb3e8ecc588d264a015ced357d08fbf4d5a9
- 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.