Tex. Fin. Code § 95.010 · Subchapter A. GENERAL PROVISIONS
ACCOUNT AS LEGAL INVESTMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
(b) An investment by an insurance company in a deposit account is eligible for tax reducing purposes under Chapters 221 and 222, Insurance Code.
(c) An investment by a school district in a deposit account insured by the Federal Deposit Insurance Corporation meets the requirements of Sections 45.102 and 45.208, Education Code.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.110, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.95.htm
- Text hash
- sha256 25b82de579b4513e79da51db0f185d31ea14ada41a489441cbcfbc1d91585d08
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Education Code
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.