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<br />~ 2256.054. Deliverv of Securities Purchased bv State
<br />
<br />A security purchased under this chapter may be delivered to the comptroller, a bank, or the board or agency
<br />investing its funds. The delivery shall be made under normal and recognized practices in the securities and banking
<br />industries, including the book entry procedure of the Federal Reserve Bank.
<br />
<br />Amended by Acts 1995, 74th Leg., ch. 402, ~ I, eff. Sept. I, 1995; Acts 1997, 75th Leg., ch. 1423, ~ 8.68, eff. Sept.
<br />1,1997.
<br />
<br /><General Materials (GM) - References, Annotations, or Tables>
<br />
<br />HISTORICAL AND STATUTORY NOTES
<br />2000 Main Volume
<br />
<br />Acts 1997, 75th Leg., ch. 1423 made conforming amendments to reflect the abolishment of the office of the state
<br />treasurer.
<br />
<br />Prior Laws:
<br />Acts 1967, 60th Leg., p. 915, ch. 401.
<br />Acts 1979, 66th Leg., p. 310, ch. 143, ~ 1.
<br />Vernon's Ann.Civ.St. art. 6252-5a, ~ 2.
<br />Acts 1993, 73rd Leg., ch. 268, ~ 1.
<br />V.T.eA" Government Code ~ 2256.103.
<br />
<br />~ 2256.055. Deposit of Securities Purchased bv State
<br />
<br />At the direction of the comptroller or the agency, a security purchased under this chapter may be deposited in trust
<br />with a bank or federal reserve bank or branch designated by the comptroller, whether in or outside the state. The
<br />deposit shall be held in the entity's name as evidenced by a trust receipt of the bank with which the securities are
<br />deposited.
<br />
<br />Amended by Acts 1995, 74th Leg., ch. 402, ~ 1, eff. Sept. I, 1995; Acts 1997, 75th Leg.. ch. 1423, ~ 8.69, eff. Sept.
<br />1,1997.
<br />
<br /><General Materials (GM) . References, Annotations, or Tables>
<br />
<br />HISTORICAL AND STATUTORY NOTES
<br />2000 Main Volume
<br />
<br />Acts 1997, 75th Leg., ch. 1423 made conforming amendments to reflect the abolishment of the office of the state
<br />treasurer.
<br />
<br />Prior Laws:
<br />Acts 1967, 60th Leg., p. 915, ch. 401.
<br />Acts 1979, 66th Leg., p. 310, ch. 143, ~ 2.
<br />Vernon's Ann.Civ.St. art. 6252-5a. ~ 3.
<br />Acts 1993, 73rd Leg., ch. 268, ~ 1.
<br />V.T.eA.. Government Code ~ 2256.104.
<br />
<br />NOTES OF DECISIONS
<br />
<br />Delegation of authority ;&
<br />Depositories!
<br />
<br />Copr. @West 2001 No Claim to Orig. U.S. Govt. Works
<br />
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