Sec. 1201.041. PUBLIC SECURITY AS NEGOTIABLE INSTRUMENT AND INVESTMENT SECURITY. A public security is: (1) a negotiable instrument; (2) an investment security to which Chapter 8 , Business & Commerce Code, applies; and (3) a legal and authorized investment for: (A) an insurance company; (B) a fiduciary or trustee; or (C) a sinking fund of a municipality or other political subdivision or public agency of this state.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.