Tex. Gov't Code § 404.116 · Subchapter G. TEXAS TREASURY SAFEKEEPING TRUST COMPANY
LIABILITY INSURANCE FOR CERTAIN BOARD MEMBERS, OFFICIALS, AND STAFF.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The trust company may purchase or otherwise acquire insurance to protect members of the advisory board and the trust company staff.
(b) Insurance purchased or acquired by the trust company under this section may:
(1) protect against any type of liability to third persons that might be incurred while conducting trust company business; and
(2) provide for all costs of defending against such liability, including court costs and attorney's fees.
(c) This section does not authorize the purchase or acquisition of insurance to protect against liability not described in Subsection (b).
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1158, Sec. 27, eff. June 15, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.404.htm
- Text hash
- sha256 3f8f05befdbd9f79d561f1ff005ea3a4bb40a678ad6c4f391f9481859ae09f7a
- 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.