Tex. Fin. Code § 92.056 · Subchapter B. INCORPORATION IN GENERAL
CORPORATE NAME.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The name of a savings bank must include the words "State Savings Bank" or the abbreviation "SSB," preceded by one or more appropriate descriptive words approved by the commissioner.
(b) The commissioner may not approve the incorporation of a savings bank that has the same name as another financial institution authorized to do business in this state under this subtitle, Subtitle A, or Subtitle B or a name so nearly resembling the name of another financial institution as to be calculated to deceive unless the savings bank is formed:
(1) by the reincorporation, reorganization, or consolidation of the other financial institution; or
(2) on the sale of the property or franchise of the other savings bank.
(c) A person that is not a state or federal savings bank may not do business under a name or title that:
(1) contains the words "savings bank";
(2) indicates or reasonably implies that the business being done is the type of business carried on or transacted by a savings bank; or
(3) is calculated to lead a person to believe that the business being done is the type of business carried on or transacted by a savings bank.
(d) On application by the commissioner or a savings bank, a court may enjoin a violation of this section.
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.92.htm
- Text hash
- sha256 d7520df9e23968dc406d7aaba73abc70795f9b12092316fd0bac4cd0dcb7c12d
- 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.