Texas Health and Safety Code 301.040 – Bonds as Investments
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Terms Used In Texas Health and Safety Code 301.040
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.
Bonds issued by a cooperative association under this subchapter are legal and authorized investments for:
(1) a bank;
(2) a savings and loan association;
(3) an insurance company;
(4) a fiduciary; and
(5) a trustee.