Sec. 284.007. LEGAL INVESTMENTS  


Latest version.
  • The bonds are legal and authorized investments for:

    (1) a bank;

    (2) a trust company;

    (3) a savings and loan association;

    (4) an insurance company;

    (5) a small business investment corporation;

    (6) a fiduciary;

    (7) a trustee;

    (8) a guardian; or

    (9) an interest or sinking fund or other public funds of the state or a municipality, county, school district, or other political subdivision of the state.

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.