Tex. Finance Code § 98.001
LIMITATION ON RIGHT TO DO BUSINESS AS SAVINGS BANK
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 98.001, LIMITATION ON RIGHT TO DO BUSINESS AS SAVINGS BANK, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645828
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Full text
(a) A person may not do business as a savings bank in this state or maintain an office in this state for the purpose of doing business in this state unless the person is a:
(1) domestic savings bank;
(2) federal savings bank; or
(3) foreign savings bank that holds a certificate of authority issued under Subchapter I, Chapter 92, or Section 61, Chapter 61, General Laws, Acts of the 41st Legislature, 2nd Called Session, 1929 (Article 881a-60, Vernon's Texas Civil Statutes).
(b) Subsection (a) does not prohibit activity that is not considered to be transacting business in this state under Section B, Article 8.01, Texas Business Corporation Act.