{"data":{"id":"us-tx/tex.-finance-code-98.101","jurisdiction":"us-tx","citation":"Tex. Finance Code § 98.101","heading":"POWERS OF FOREIGN SAVINGS BANK; ELIGIBILITY OF ACCOUNTS FOR INVESTMENT.","body":"(a) A foreign savings bank operating under a certificate of authority issued under Subchapter I, Chapter 92, has the rights and privileges of a savings bank created under this subtitle. The savings bank's deposit accounts are eligible for investment to the same extent as those of a domestic savings bank.\n(b) A foreign savings bank may not be considered a savings bank organized under the laws of this state.\n(c) A foreign savings bank operating in this state under this chapter may not exercise a power, perform a function, or offer a service that a domestic savings bank may not exercise, perform, or offer.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 98. FOREIGN FINANCIAL INSTITUTIONS","SUBCHAPTER B. POWERS OF FOREIGN SAVINGS BANK; ELIGIBILITY OF ACCOUNTS FOR INVESTMENT"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.98.htm#98.101","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"0a114ca1cd2c5b498fb13bb25fbf4eb66616475b5f3498a823f35c58010770d8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-98.005","next":"us-tx/tex.-finance-code-98.201"},"notice":"GroundRules: Original legal text. Not legal advice."}