Texas Codes

Tex. Tax Code § 321.501 (2026)

Trust Account

✓ laws through the 89th Legislature (2025)
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Sec. 321.501. TRUST ACCOUNT. (a) The comptroller shall deposit the taxes collected by the comptroller under this chapter in trust in the separate suspense account of the municipality from which the taxes were collected.

(b) Repealed by Acts 2003, 78th Leg., ch. 285, Sec. 31(44).

(c) Repealed by Acts 2003, 78th Leg., ch. 285, Sec. 31(44).

Added by Acts 1987, 70th Leg., ch. 191, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 19.123, eff. Sept. 1, 1997; Acts 2003, 78th Leg., ch. 285, Sec. 31(44), eff. Sept. 1, 2003.

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2025–2025 · leading case: City of Coppell v. Kelly Hancock, No. 15-25-00022-CV (Tex. App.—15th Dist. Sept. 26, 2025).
City of Coppell v. Kelly Hancock, No. 15-25-00022-CV (Tex. App.—15th Dist. Sept. 26, 2025). “. . . . . . . . . . 4 Tex. Tax Code § 321.”
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