Texas Finance Code - Section 59.008. Claims Against Customers Of Financial Institutions
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§ 59.008. CLAIMS AGAINST CUSTOMERS OF FINANCIAL
INSTITUTIONS. (a) A claim against a customer of a financial
institution shall be delivered or served as otherwise required or
permitted by law at the address designated as the address of the
registered agent of the financial institution in a registration
filed with the secretary of state pursuant to Section 201.102, with
respect to an out-of-state financial institution, or Section
201.103, with respect to a Texas financial institution.
(b) If a financial institution files a registration
statement with the secretary of state pursuant to Section 201.102,
with respect to an out-of-state financial institution, or Section
201.103, with respect to a Texas financial institution, a claim
against a customer of the financial institution is not effective as
to the financial institution if the claim is served or delivered to
an address other than that designated by the financial institution
in the registration as the address of the financial institution's
registered agent.
(c) The customer bears the burden of preventing or limiting
a financial institution's compliance with or response to a claim
subject to this section by seeking an appropriate remedy, including
a restraining order, injunction, protective order, or other remedy,
to prevent or suspend the financial institution's response to a
claim against the customer.
(d) A financial institution that does not file a
registration with the secretary of state pursuant to Section
201.102, with respect to an out-of-state financial institution, or
Section 201.103, with respect to a Texas financial institution, is
subject to service or delivery of all claims against customers of
the financial institution as otherwise provided by law.
Added by Acts 1999, 76th Leg., ch. 344, § 2.016, eff. Sept. 1,
1999.
Section: 59.001 59.002 59.003 59.004 59.005 59.006 59.007 59.008 59.009 59.010 59.011 59.101 59.102 59.103 59.104
Last modified: August 10, 2007
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