Tex. Fin. Code § 31.004 · Subchapter A. GENERAL PROVISIONS
UNAUTHORIZED BANKING.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as otherwise provided by law, a person other than a depository institution authorized to conduct business in this state may not conduct the business of banking or represent to the public that it is conducting the business of banking in this state.
(b) This section does not prohibit the continued operation of a bank, trust company, bank and trust company, or savings bank by:
(1) a person, partnership, trustee, or trustee operating under a common law declaration of trust who:
(A) was actively engaged in the operation of the institution on June 13, 1923; or
(B) operated the institution for any period of at least 20 years before June 13, 1923, and resumed operations of the institution not later than June 13, 1924; or
(2) a legal representative or successor of a person or entity described by Subdivision (1).
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.31.htm
- Text hash
- sha256 e7b411ad398806d7dc3133b6d7794e857e919ee9cbc40ba716dfeb5172d9685d
- 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
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.