Sec. 2257.103. PARTICIPATION IN POOLED COLLATERAL PROGRAM

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A financial institution may participate in the pooled collateral program only if:
(1) the institution has entered into a binding collateral security agreement with a public agency for a deposit of public funds and the agreement permits the institution's participation in the program;
(2) the comptroller has approved the institution's participation in the program; and
(3) the comptroller has approved or provided the collateral security agreement form used.

Added by Acts 2009, 81st Leg., R.S., Ch. 486 , Sec. 1, eff. September 1, 2009.

                    
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