Tex. Fin. Code § 62.153 · Subchapter D. OPERATIONS AND FINANCES
INSURANCE OF SAVINGS ACCOUNTS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An association may obtain insurance for its savings accounts from the Federal Deposit Insurance Corporation.
(b) Only if the account is insured by the Federal Deposit Insurance Corporation may a person advertise, represent, or offer to accept a savings account in this state as:
(1) an insured or guaranteed account; or
(2) the savings account of an insured or guaranteed institution.
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.62.htm
- Text hash
- sha256 cae5b3a1d0bf5aee0a75b6db121c89c9dd85ac866f9d532a9530cbe0ed92e0bc
- 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.