BOOKS AND RECORDS OF PERMITTED INSTITUTION
Known as the Public Funds Collateral Act
The act spans §§ 2257.001 to 2257.114 (41 sections).
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff
(a) A permitted institution may apply book entry procedures when an investment security held by a custodian is deposited under Section 2257.042.
(b) A permitted institution's records must at all times state the name of the custodian that deposits an investment security in the permitted institution.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.