Tex. Fin. Code § 154.255

STANDARD OF DUTY OF DEPOSITORY

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

A depository described by Section 154.253(a)(1) shall be held to the standard of duty of a fiduciary in holding, investing, or disbursing the money.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.