{"data":{"id":"us-tx/tex.-government-code-404.0211","jurisdiction":"us-tx","citation":"Tex. Government Code § 404.0211","heading":"CONFLICT OF INTEREST.","body":"A bank is not disqualified from serving as a depository for funds of a state agency if:\n(1) an officer or employee of the agency who does not have the duty to select the agency's depository is an officer, director, or shareholder of the bank; or\n(2) one or more officers or employees of the agency who have the duty to select the agency's depository are officers or directors of the bank or own or have a beneficial interest, individually or collectively, in 10 percent or less of the outstanding capital stock of the bank, if:\n(A) a majority of the members of the board, commission, or other body of the agency vote to select the bank as a depository; and\n(B) the interested officer or employee does not vote or take part in the proceedings.\nAdded by Acts 1993, 73rd Leg., ch. 268, Sec. 19, eff. Sept. 1, 1993.","path":["GOVERNMENT CODE","TITLE 4. EXECUTIVE BRANCH","SUBTITLE A. EXECUTIVE OFFICERS","CHAPTER 404. STATE TREASURY OPERATIONS OF COMPTROLLER","SUBCHAPTER C. STATE DEPOSITORIES AND INVESTMENT OF STATE FUNDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.404.htm#404.0211","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"3a824dcf232314d37f5ab08c04d0d4fb470661918f452ac98cf1ee32143a74ba","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-404.021","next":"us-tx/tex.-government-code-404.0212"},"notice":"GroundRules: Original legal text. Not legal advice."}