Section 117.125 - Transfer of Money(a) In the absence of a contrary order from a court having jurisdiction over the registry fund, a clerk may transfer money deposited in the fund into a separate account.(b) A clerk shall transfer all money deposited in a registry fund under Chapter 1355, Estates Code, into a separate account.(c) Money transferred into a separate account under this section must be: (1) transferred into an account authorized for investment under Chapter 2256, Government Code, by a local government or investment pool; and(2) invested according to the investment officer designated under Section 2256.005, Government Code, by the investing entity of which the county is a member.(d) A transfer of money into a separate account under this section is exempt from the requirements prescribed by Section 117.121 for disbursements from registry funds.(e) An investment of money transferred from a registry fund under this section is subject to the limitations, policies, and standards of care provided by Chapter 2256, Government Code.Tex. Loc. Gov't. Code § 117.125
Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 324,Sec. 22.051, eff. 9/1/2017.Added by Acts 1999, 76th Leg., ch. 196, Sec. 8, eff. 8/30/1999.