Bonds As Investments

Tex. Health and Safety Code § 301.040, under Chapter 301.

Tex. Health and Safety Code § 301.040

Sec. 301.040. BONDS AS INVESTMENTS. 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. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.