Sec. 2257.047. BOOKS AND RECORDS OF PERMITTED INSTITUTION. (a) A permitted institution may apply book entry procedures when an investment security held by a custodian is deposited under Section 2257.042.
(b) A permitted institution's records must at all times state the name of the custodian that deposits an investment security in the permitted institution.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle F - State and Local Contracts and Fund Management
Chapter 2257 - Collateral for Public Funds
Subchapter C. Custodian; Permitted Institution
Section 2257.041. Deposit of Securities With Custodian
Section 2257.042. Deposit of Securities With Permitted Institution
Section 2257.043. Depository as Custodian or Permitted Institution
Section 2257.044. Custodian as Bailee
Section 2257.045. Receipt of Security by Custodian
Section 2257.046. Books and Records of Custodian; Inspection
Section 2257.047. Books and Records of Permitted Institution
Section 2257.048. Attachment and Perfection of Security Interest