Section 2257.043 - Depository As Custodian or Permitted Institution(a) A public entity other than a state agency may prohibit a depository or an entity of which the depository is a branch from being the custodian of or permitted institution for a security the depository pledges to secure a deposit of public funds.(b) A depository or an entity of which the depository is a branch may not be the custodian of or permitted institution for a security the depository pledges to secure a deposit of public funds by a state agency.Tex. Gov't. Code § 2257.043
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.