Texas Finance Code - Section 67.101. Powers Of Foreign Association; Eligibility Of Accounts For Investment
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Texas Lawyer > Finance Code > Texas Finance Code - Section 67.101. Powers Of Foreign Association; Eligibility Of Accounts For Investment
§ 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, § 1, eff. Sept. 1, 1997.
Section: 66.401 66.402 66.403 67.001 67.002 67.003 67.004 67.101 67.201 67.202 67.301 67.302 67.303 67.304 89.001
Last modified: August 10, 2007
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