{"data":{"id":"us-tx/tex.-local-government-code-116.028","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 116.028","heading":"SUCCESSOR BANK AS COUNTY DEPOSITORY.","body":"(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:\n(1) continues to have an office in an adjoining county; and\n(2) timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository.\n(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:\n(1) continues to have an office in an adjoining county; and\n(2) timely applies and is selected to be a county depository in a manner that ensures no lapse of service as a county depository.\nAdded by Acts 2023, 88th Leg., R.S., Ch. 1043 (S.B. 158), Sec. 2, eff. June 18, 2023.","path":["LOCAL GOVERNMENT CODE","TITLE 4. FINANCES","SUBTITLE B. COUNTY FINANCES","CHAPTER 116. DEPOSITORIES FOR COUNTY PUBLIC FUNDS","SUBCHAPTER B. ESTABLISHMENT OF DEPOSITORY"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.116.htm#116.028","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"7737186067a86e360a93b5a247af7a0a2988ca23ec5f9600ccb06b1d75bf6595","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-116.027","next":"us-tx/tex.-local-government-code-116.051"},"notice":"GroundRules: Original legal text. Not legal advice."}