Tex. Local Government Code § 116.028
This is the official text of Tex. Local Government Code § 116.028, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 116.028. SUCCESSOR BANK AS COUNTY DEPOSITORY.
Official statutory text
(a) If a bank selected to be a county depository and holding county funds is sold to another bank in an adjoining county, the successor bank in the adjoining county may continue to serve as a county depository and apply and be selected as a county depository if the successor bank:
(1) continues to have an office in an adjoining county; and
(2) timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository.
(b) If a bank selected as a county depository and holding county funds closes, a branch of the bank in an adjoining county may continue to serve as a county depository and apply to be a county depository if the successor bank:
(1) continues to have an office in an adjoining county; and
(2) timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository.
(1) continues to have an office in an adjoining county; and
(2) timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository.
(b) If a bank selected as a county depository and holding county funds closes, a branch of the bank in an adjoining county may continue to serve as a county depository and apply to be a county depository if the successor bank:
(1) continues to have an office in an adjoining county; and
(2) timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository.
Status: in_force · Read it on the official government site
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