Tex. Fin. Code Section 67.101
Powers of Foreign Association; Eligibility of Accounts for Investment

(a)

A foreign association operating under a certificate of authority has the rights and privileges of an association created under this subtitle. The association’s accounts are eligible for investment to the same extent as those of a domestic association.

(b)

A foreign association may not be considered an association organized under the laws of this state.

(c)

A foreign association operating in this state under this chapter may not exercise a power, perform a function, or offer a service that a domestic association may not exercise, perform, or offer.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 67.101 — Powers of Foreign Association; Eligibility of Accounts for Investment, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­67.­htm#67.­101 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 67.101’s source at texas​.gov