Tex. Finance Code § 98.101
POWERS OF FOREIGN SAVINGS BANK; ELIGIBILITY OF ACCOUNTS FOR INVESTMENT
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 98.101, POWERS OF FOREIGN SAVINGS BANK; ELIGIBILITY OF ACCOUNTS FOR INVESTMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645834
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Full text
(a) A foreign savings bank operating under a certificate of authority issued under Subchapter I, Chapter 92, has the rights and privileges of a savings bank created under this subtitle. The savings bank's deposit accounts are eligible for investment to the same extent as those of a domestic savings bank.
(b) A foreign savings bank may not be considered a savings bank organized under the laws of this state.
(c) A foreign savings bank operating in this state under this chapter may not exercise a power, perform a function, or offer a service that a domestic savings bank may not exercise, perform, or offer.