Texas Finance Code - Section 67.001. Limitation On Right To Do Business As Savings And Loan Association
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§ 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, or Section 61,
Chapter 61, 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, § 1, eff. Sept. 1, 1997.
Section: 66.353 66.354 66.355 66.356 66.401 66.402 66.403 67.001 67.002 67.003 67.004 67.101 67.201 67.202 67.301
Last modified: August 10, 2007
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