Sec. 1201.041. PUBLIC SECURITY AS NEGOTIABLE INSTRUMENT AND INVESTMENT SECURITY. A public security is: (1) a negotiable instrument; (2) an investment security to which Chapter 8, Business & Commerce Code, applies; and (3) a legal and authorized investment for: (A) an insurance company; (B) a fiduciary or trustee; or (C) a sinking fund of a municipality or other political subdivision or public agency of this state. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Public Security As Negotiable Instrument and Investment Security
Tex. Government Code § 1201.041, under Chapter 1201.
Tex. Government Code § 1201.041