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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 1201.041: PUBLIC SECURITY AS NEGOTIABLE INSTRUMENT AND INVESTMENT SECURITY.

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Where this section sits in the code
  1. GOVERNMENT CODE
  2. TITLE 9. PUBLIC SECURITIES
  3. SUBTITLE A. GENERAL PROVISIONS
  4. CHAPTER 1201. PUBLIC SECURITY PROCEDURES ACT
  5. SUBCHAPTER C. FINANCIAL ASPECTS OF PUBLIC 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.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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