Tex. Fin. Code Section 119.002
Applicability of Savings and Loan Laws to Savings Banks

(a)

Except as provided by Subsection (b), a statute of this state or a rule adopted under the statute that applies to or exempts a corporation or other organization incorporated or organized under Subtitle B or an association as defined by Section 61.002 (Definitions) also applies to or exempts a savings bank.
Sec. 119.001. APPLICABILITY OF CHAPTER 4, BUSINESS & COMMERCE CODE. Chapter 4 (Business Opportunities and Agreements), Business & Commerce Code, applies to a savings bank with respect to an item paid, collected, settled, negotiated, or otherwise handled by the savings bank for a customer.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

(b)

Subsection (a) does not apply to Chapters 11-13, this subtitle, Subtitle A, Subtitle B, or the Penal Code.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 119.002 — Applicability of Savings and Loan Laws to Savings Banks, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­119.­htm#119.­002 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 119.002’s source at texas​.gov