Sec. 286.150. BONDS AS SECURITY FOR DEPOSITS. District bonds are eligible to secure deposits of public funds of the state and of municipalities, counties, school districts, and other political subdivisions of the state. The bonds are lawful and sufficient security for deposits to the extent of their value if accompanied by all unmatured coupons.
Added by Acts 1991, 72nd Leg., ch. 14, Sec. 121, eff. Sept. 1, 1991.
Section: Previous 286.143 286.144 286.145 286.146 286.147 286.148 286.149 286.150 286.151 286.161 286.162 286.163 286.164 286.171 286.172 NextLast modified: September 28, 2016