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2021 Texas Statutes
Finance Code
Title 3 - Financial Institutions and Businesses
Subtitle E - Other Financial Businesses
Chapter 155 - Bond Investment Companies
Section 155.005. Exchange of Deposit
Universal Citation:
TX Fin Code § 155.005 (2021)
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Sec. 155.005. EXCHANGE OF DEPOSIT. (a) On request, the comptroller may allow a bond investment company that has made a deposit under this chapter to alter the composition of the deposit by exchanging cash for securities or securities for cash.
(b) Securities deposited under this section must be approved by the comptroller on the written advice of the attorney general.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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