Texas Finance Code - Section 34.001. Definition
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§ 34.001. DEFINITION. In this subchapter, "bank
facility" means real property, including an improvement, that a
state bank owns or leases, to the extent the lease or the leasehold
improvement is capitalized, for the purpose of:
(1) providing space for bank employees to perform
their duties and for bank employees and customers to park;
(2) conducting bank business, including meeting the
reasonable needs and convenience of the public and the bank's
customers, computer operations, document and other item
processing, maintenance and storage of foreclosed collateral
pending disposal, and record retention and storage;
(3) holding, improving, and occupying as an incident
to future expansion of the bank's facilities; or
(4) conducting another activity authorized by rules
adopted under this subtitle.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 33.205 33.206 33.207 33.208 33.209 33.210 33.211 34.001 34.002 34.003 34.101 34.102 34.103 34.104 34.105
Last modified: August 10, 2007
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