SECTION 4.117. Compliance with Laws; Venue

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(a) The comptrollers' office and all participants in the pooled collateral program will comply with all applicable laws, including the Federal Reserve regulations and Operating Circulars, in connection with the pooled collateral program.
(b) A legal action brought by or against a public entity that arises out of or in connection with the duties of a depository institution, custodian trustee or permitted institution must be brought and maintained as provided by the contract with the public entity.
(c) Venue for any suit brought in connection with the pooled collateral program will be in State District Court in Travis County, Texas, and no other county.

Source Note: The provisions of this §4.117 adopted to be effective October 19, 2010, 35 TexReg 9345

                    
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