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Tex. Fin. Code § 155.005

EXCHANGE OF DEPOSIT

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

(a) On request, the comptroller may allow a bond investment company that has made a deposit under this chapter to alter the composition of the deposit by exchanging cash for securities or securities for cash.

(b) Securities deposited under this section must be approved by the comptroller on the written advice of the attorney general.

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