117.025 – DESIGNATION OF DEPOSITORY. (a) After a bank
Texas Local Government Code § 117.025
Summary
This law outlines the process for a commissioners court in Texas to designate a bank as a depository for registry funds. It ensures that selected banks meet specific qualifications and that the designation remains effective until a successor is appointed or a contract expires.
Commissioners court designates qualified banks as depositories.
Designation remains effective until a successor is chosen.
Expires on April 15 after contract expiration.
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In simple terms: Learn about Texas's DESIGNATION OF DEPOSITORY. (a) After a bank 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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