Sec. 264.050. LEGAL INVESTMENTS. Bonds of the authority are legal and authorized investments for: (1) a bank; (2) a savings bank; (3) a trust company; (4) a savings and loan association; (5) an insurance company; or (6) the sinking fund of a political corporation or subdivision of the state, including a municipality, county, or school district.
‹ 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.