Texas Finance Code Title 3, Chapter 34 - Investments, Loans, And Deposits

SUBCHAPTER A ACQUISITION AND OWNERSHIP OF BANK FACILITIES AND OTHER REAL PROPERTY

• Texas Section 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...
• Texas Section 34.002 - Investment In Bank Facilities
  (a) Without the prior written approval of the banking commissioner, a state bank may not directly or indirectly invest an amount in excess of its...
• Texas Section 34.003 - Other Real Property
  (a) A state bank may not acquire real property except: (1) as permitted by this subtitle or rules adopted under this subtitle; (2) with the...

SUBCHAPTER B INVESTMENTS

• Texas Section 34.004 - Retention Of Nonparticipating Royalty Interests
  (a) Notwithstanding Section 34.003(a), a state bank may hold nonparticipating royalty interests if: (1) the state bank acquires the interest pursuant to Section 34.003(a)(3) or...
• Texas Section 34.101 - Securities
  (a) A state bank may purchase and sell securities without recourse solely on the order and for the account of a customer. (b) Except as...
• Texas Section 34.102 - Transaction In Bank Shares
  (a) A state bank may not acquire a lien by pledge or otherwise on its own shares, or otherwise purchase or acquire title to its...
• Texas Section 34.103 - Bank Subsidiaries
  (a) Subject to this section and except as otherwise provided by this subtitle or rules adopted under this subtitle, a state bank may conduct any...
• Texas Section 34.104 - Mutual Funds
  (a) A state bank may invest for its own account in equity securities of an investment company registered under the Investment Company Act of 1940...
• Texas Section 34.105 - Other Direct Equity Investments
  (a) A state bank may purchase for its own account equity securities of any class issued by: (1) a bank service corporation, except that the...
• Texas Section 34.106 - Investments For Public Welfare
  (a) A state bank may make investments of a predominantly civic, community, or public nature, including investments providing housing, services, or jobs or promoting the...

SUBCHAPTER C LOANS

• Texas Section 34.107 - Engaging In Commerce Prohibited
  (a) A state bank may not buy, sell, or otherwise deal in goods in trade or commerce or own or operate a business not part...
• Texas Section 34.201 - Lending Limits
  (a) Without the prior written approval of the banking commissioner, the total loans and extensions of credit by a state bank to a person outstanding...
• Texas Section 34.202 - Violation Of Lending Limit
  (a) An officer, director, or employee of a state bank who approves or participates in the approval of a loan with actual knowledge that the...
• Texas Section 34.203 - Loan Expenses And Fees
  (a) A bank may require a borrower to pay all reasonable expenses and fees incurred in connection with the making, closing, disbursing, extending, readjusting, or...

SUBCHAPTER D DEPOSITS

• Texas Section 34.204 - Lease Financing Transaction
  (a) Subject to rules adopted under this subtitle, a state bank may, directly or indirectly through an operating subsidiary, provide the equivalent of a financing...
• Texas Section 34.301 - Nature Of Deposit Contract
  (a) A deposit contract between a bank and an account holder is considered a contract in writing for all purposes and may be evidenced by...
• Texas Section 34.302 - Amendment Of Deposit Contract
  (a) A bank and its account holder may amend the deposit contract by agreement or as permitted by Subsection (b) or other law. (b) A...
• Texas Section 34.303 - Fees; Disclosures
  (a) Except as otherwise provided by law, a bank may charge an account holder a fee, service charge, or penalty relating to service or activity...
• Texas Section 34.304 - Securing Deposits
  (a) A state bank may not create a lien on its assets or secure the repayment of a deposit except as authorized or required by...
• Texas Section 34.305 - Deposit Account Of Minor
  (a) Except as otherwise provided by this section, a bank lawfully doing business in this state may enter into a deposit account with a minor...
• Texas Section 34.306 - Trust Account With Limited Documentation
  (a) Subject to Subchapter B, Chapter 111, and Chapters 112 and 113, Estates Code, a bank may accept and administer a deposit account: (1) that...
• Texas Section 34.307 - Right Of Set-off
  (a) Except as otherwise provided by the Truth in Lending Act (15 U.S.C. Section 1601 et seq.) or other federal law, a bank has a...

Last modified: September 28, 2016