Government Code § 404.106
A trust company must credit certain net earnings to the treasury account annually, allocate them to comptroller-managed funds, and invest its funds in legally authorized obligations. It may also hold reserve balances or securities when required, and it has the same investment authority as a participant for specific par
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
A trust company must credit certain net earnings to the treasury account annually, allocate them to comptroller-managed funds, and invest its funds in legally authorized obligations. It may also hold reserve balances or securities when required, and it has the same investment authority as a participant for specific participant funds.
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Government Code § 404.106
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