{"data":{"id":"us-tx/tex.-government-code-2116.015","jurisdiction":"us-tx","citation":"Tex. Government Code § 2116.015","heading":"DEPOSITORY ACCOUNT AS LEGAL INVESTMENT.","body":"(a) The following persons may invest the person's money in a depository account by purchasing precious metals and depositing the precious metals with the depository or a depository agent:\n(1) an individual or fiduciary, including an administrator, executor, custodian, guardian, or trustee;\n(2) a political subdivision of this state or an instrumentality of this state;\n(3) a business or nonprofit corporation;\n(4) a charitable or educational corporation or association; or\n(5) a financial institution, including a bank, savings and loan association, or credit union.\n(b) An investment by a school district in a depository account may be made instead of an investment as provided by Section 45.102, Education Code, and the depository may be used by a district instead of a depository bank for the purposes of Subchapter G, Chapter 45, Education Code.\nAdded by Acts 2015, 84th Leg., R.S., Ch. 1000 (H.B. 483), Sec. 1, eff. June 19, 2015.","path":["GOVERNMENT CODE","TITLE 10. GENERAL GOVERNMENT","SUBTITLE C. STATE ACCOUNTING, FISCAL MANAGEMENT, AND PRODUCTIVITY","CHAPTER 2116. TEXAS BULLION DEPOSITORY","SUBCHAPTER A. ESTABLISHMENT AND ADMINISTRATION OF TEXAS BULLION DEPOSITORY"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2116.htm#2116.015","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"df86f67b1d9da47d244d054c2f2bfb0b401218c78a00a99d64385a169c6098e8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-2116.014","next":"us-tx/tex.-government-code-2116.016"},"notice":"GroundRules: Original legal text. Not legal advice."}