Tex. Prop. Code § 113.007
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A trustee may deposit trust funds that are being held pending investment, distribution, or the payment of debts in a bank that is subject to supervision by state or federal authorities. However, a corporate trustee depositing funds with itself is subject to the requirements of Section 113.057 of this code.
Tex. Prop. Code § 113.007