116.057 – CONDITION OF PERSONAL BOND OR CONTRACT FOR
Texas Local Government Code § 116.057
Summary
This law outlines the conditions required for personal bonds or contracts involving the pledge of securities by depositories handling county funds. It ensures that depositories are responsible for safeguarding county funds and fulfilling their legal obligations.
Depositories must keep county funds securely.
They are required to pay checks upon presentation.
Contracts must comply with legal obligations imposed on depositories.
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In simple terms: Learn about Texas's CONDITION OF PERSONAL BOND OR CONTRACT FOR law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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