Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 273.303 - Primary Account(a) Money from the sale of the corporation's securities constitutes the primary account of the corporation.(b) Money in the primary account may be invested in:(1) a certificate of deposit or other interest-bearing account in a savings and loan association or commercial bank domiciled in this state; or(2) securities that: (A) will mature in not longer than five years;(B) are issued by the United States government, this state, or a municipality or other governmental entity of this state; and(C) are direct obligations of or secured by the full faith and credit of the issuer. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.