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Qualified public depositories

• A financial institution which does not claim exemption from the payment of any sales or compensating use or ad valorem taxes under the laws of this state, which has segregated for the benefit of the commission eligible collateral having a value of not less than its maximum liability and which has been approved by the Public Deposit Protection Commission to hold public deposits.

 
 Embedded terms in definition
 Ad valorem tax
Collateral
Commission
Financial institution
Its
Liability
Sales
 
 Related Terms
 Going public
Initial public offering
Public offering
Public securities administration
Public warehouse
Qualified joint and survivor annuity
Qualified plan
Qualified savings plan

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