Tex. Fin. Code Section 67.001
Limitation on Right to Do Business as Savings and Loan Association

(a)

A person may not do business as a savings and loan association in this state or maintain an office in this state for the purpose of doing business unless the person is a:

(1)

domestic association;

(2)

federal association; or

(3)

foreign association that holds a certificate of authority issued under Subchapter I, Chapter 62 (Organizational and Financial Requirements), or Section 61 (General Provisions), Chapter 61 (General Provisions), General Laws, Acts of the 41st Legislature, 2nd Called Session, 1929 (Article 881a-60, Vernon’s Texas Civil Statutes).

(b)

Subsection (a) does not prohibit activity that is not considered to be transacting business in this state under Section B, Article 8.01, Texas Business Corporation Act.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 67.001 — Limitation on Right to Do Business as Savings and Loan Association, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­67.­htm#67.­001 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 67.001’s source at texas​.gov