Tex. Government Code § 404.021
This is the official text of Tex. Government Code § 404.021, part of Texas’s Government Code — covers the structure and operation of Texas state and local government.
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§ 404.021. ELIGIBLE INSTITUTIONS.
Official statutory text
(a) Any state or national bank doing business in the state may be designated by the comptroller as a state depository. Designation of a bank as a depository includes all of the bank's branches within the state.
(b) Any savings and loan association doing business in the state may be designated by the comptroller as a state depository.
(c) Any state or federal credit union doing business in the state may be designated by the comptroller as a state depository.
(d) Deposits of eligible institutions designated as state depositories must be covered by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.
(b) Any savings and loan association doing business in the state may be designated by the comptroller as a state depository.
(c) Any state or federal credit union doing business in the state may be designated by the comptroller as a state depository.
(d) Deposits of eligible institutions designated as state depositories must be covered by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.
Status: in_force · Read it on the official government site
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