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Texas Finance Code - FIN § 98.001. Limitation on Right to Do Business as Savings Bank

Current as of January 01, 2024 | Updated by Findlaw Staff

(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,  1 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.

1 V.T.C.A., Finance Code § 92.401 et seq.
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Cite this article: FindLaw.com - Texas Finance Code - FIN § 98.001. Limitation on Right to Do Business as Savings Bank - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-98-001/

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