Texas Statutes
§ 31.004 — UNAUTHORIZED BANKING.
Texas § 31.004
JurisdictionTexas
Code FIFinance Code
This text of Texas § 31.004 (UNAUTHORIZED BANKING.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 31.004 (2026).
Text
Sec. 31.004. UNAUTHORIZED BANKING.
(a)Except as otherwise provided by law, a person other than a depository institution authorized to conduct business in this state may not conduct the business of banking or represent to the public that it is conducting the business of banking in this state.
(b)This section does not prohibit the continued operation of a bank, trust company, bank and trust company, or savings bank by:
(1)a person, partnership, trustee, or trustee operating under a common law declaration of trust who:
(A)was actively engaged in the operation of the institution on June 13, 1923; or
(B)operated the institution for any period of at least 20 years before June 13, 1923, and resumed operations of the institution not later than June 13, 1924; or
(2)a legal representative or s
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 31.001
SHORT TITLE.§ 31.002
DEFINITIONS.§ 31.003
BANKING RULES.§ 31.004
UNAUTHORIZED BANKING.§ 31.005
IMPLYING THAT PERSON IS BANK.§ 31.103
ISSUANCE OF OPINION.§ 31.105
EXAMINATION REQUIRED.§ 31.106
COST OF REGULATION.§ 31.108
CALL REPORT; PENALTY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 31.004, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/31.004.