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RULE §4.111 Recovery of Public Deposits

Published: 2015

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If a participating depository institution fails to satisfy a claim against a deposit of public funds or becomes insolvent, the official custodian of a public entity (as set out in 12 CFR 330.15) may make a claim to recover their deposits of public funds.

Source Note: The provisions of this §4.111 adopted to be effective October 19, 2010, 35 TexReg 9345