Tex. Loc. Gov't Code § 116.028 · Subchapter B. ESTABLISHMENT OF DEPOSITORY
SUCCESSOR BANK AS COUNTY DEPOSITORY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If a bank selected to be a county depository and holding county funds is sold to another bank in an adjoining county, the successor bank in the adjoining county may continue to serve as a county depository and apply and be selected as a county depository if the successor bank:
(1) continues to have an office in an adjoining county; and
(2) timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository.
(b) If a bank selected as a county depository and holding county funds closes, a branch of the bank in an adjoining county may continue to serve as a county depository and apply to be a county depository if the successor bank:
(1) continues to have an office in an adjoining county; and
(2) timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository.
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 1043 (S.B. 158), Sec. 2, eff. June 18, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.116.htm
- Text hash
- sha256 bcc040ec7fa05d3289b7984791e79a00f43571d745f42b4b4afc20786ac84806
- 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
Cited by 2 provisions
Provisions in this library whose text cites Tex. Loc. Gov't Code § 116.028. Each shows the citation as that text prints it.
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.