Tex. Fin. Code § 154.255

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 154.255 - Standard of Duty of Depository

A depository described by Section 154.253(a)(1) shall be held to the standard of duty of a fiduciary in holding, investing, or disbursing the money.

Tex. Fin. Code § 154.255

Amended By Acts 2007, 80th Leg., R.S., Ch. 720, Sec. 1, eff. 9/1/2007.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.