Sec. 2256.055.  DEPOSIT OF SECURITIES PURCHASED BY STATE.  At the direction of the comptroller or the agency, a security purchased under this chapter may be deposited in trust with a bank or federal reserve bank or branch designated by the comptroller, whether in or outside the state.  The deposit shall be held in the entity's name as evidenced by a trust receipt of the bank with which the securities are deposited.
Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 1423, Sec. 8.69, eff. Sept. 1, 1997.