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(a) A state bank may not buy, sell, or otherwise deal in goods in trade or commerce or own or operate a business not part of the business of banking except:
(1) as necessary to avoid or minimize a loss on a loan or investment previously made in good faith; or
(2) as otherwise provided by this subtitle or rules adopted under this subtitle.
(b) Engaging in an approved activity, directly or through a subsidiary, that is a financial activity or incidental or complementary to a financial activity, whether as principal or agent, is not considered to be engaging in commerce.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 34.107. Engaging in Commerce Prohibited - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-34-107/
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