Tex. Property Code § 113.007
This is the official text of Tex. Property Code § 113.007, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 113.007. TEMPORARY DEPOSITS OF FUNDS.
Official statutory text
A trustee may deposit trust funds that are being held pending investment, distribution, or the payment of debts in a bank that is subject to supervision by state or federal authorities. However, a corporate trustee depositing funds with itself is subject to the requirements of Section 113.057 of this code.
Status: in_force · Read it on the official government site
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