Tex. Gov't Code § 1201.041 · Subchapter C. FINANCIAL ASPECTS OF PUBLIC SECURITY
PUBLIC SECURITY AS NEGOTIABLE INSTRUMENT AND INVESTMENT SECURITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A public security is:
(1) a negotiable instrument;
(2) an investment security to which Chapter 8, Business & Commerce Code, applies; and
(3) a legal and authorized investment for:
(A) an insurance company;
(B) a fiduciary or trustee; or
(C) a sinking fund of a municipality or other political subdivision or public agency of this state.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1201.htm
- Text hash
- sha256 e4e1fffdfffb51765cd46abc41de70616d67a83d3f53e2fd85fb8d898090abc4
- 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
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Business & Commerce 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.