Tex. Fin. Code § 277.002 · Chapter 277. BUSINESS CHECKING ACCOUNTS
ACCOUNT INFORMATION REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A financial institution shall require, as a condition of opening or maintaining a business checking account, that the applicant or account holder provide:
(1) if the business is a sole proprietorship:
(A) the name of the business owner;
(B) the physical address of the business;
(C) the home address of the business owner; and
(D) the driver's license number of the business owner or the personal identification card number issued to the business owner by the Department of Public Safety; or
(2) if the business is a corporation or other legal entity, a copy of the business's certificate of incorporation or a comparable document and an assumed name certificate, if any.
(b) The financial institution shall request that the account holder inform the institution at least annually of any changes in the information the institution is required to obtain under Subsection (a).
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 998, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.277.htm
- Text hash
- sha256 822601a979da20019742d39fed429ae52367b8f23f0a89baee61d1c3d5c319bc
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 277.002. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.