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Texas Local Government Code - Section 116.153. Pro Rata Recovery By State And County

Legal Research Home > Texas Lawyer > Local Government Code > Texas Local Government Code - Section 116.153. Pro Rata Recovery By State And County

§ 116.153. PRO RATA RECOVERY BY STATE AND COUNTY.  If a 
county depository becomes insolvent and it becomes necessary to 
resort to the depository's bond or bonds to recover funds of the 
county and the state, the state and county are entitled to share pro 
rata in the recovery.

Acts 1987, 70th Leg., ch. 149, § 1, eff. Sept. 1, 1987.                    

Last modified: August 10, 2007