Tex. Fin. Code § 34.304 · Subchapter D. DEPOSITS
SECURING DEPOSITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A state bank may not create a lien on its assets or secure the repayment of a deposit except as authorized or required by this section, rules adopted under this subtitle, or other law.
(b) A state bank may pledge its assets to secure a deposit of:
(1) any state or an agency, political subdivision, or instrumentality of any state;
(2) the United States or an agency or instrumentality of the United States;
(3) any federally recognized Indian tribe; or
(4) another entity to the same extent and subject to the same limitations as may be authorized by the law of this state or of the United States for any other depository institution doing business in this state.
(c) This section does not prohibit the pledge of assets to secure the repayment of money borrowed or the purchase of excess deposit insurance from a private insurance company.
(d) An act, deed, conveyance, pledge, or contract in violation of this section is void.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 110 (H.B. 2007), Sec. 11, eff. September 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.34.htm
- Text hash
- sha256 7f215e77e37822d3c6e61b023df73fb17a18e75cbc677634d588dc62c9bc9d1d
- 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.