Texas Statutes
§ 34.107 — ENGAGING IN COMMERCE PROHIBITED.
Texas § 34.107
JurisdictionTexas
Code FIFinance Code
This text of Texas § 34.107 (ENGAGING IN COMMERCE PROHIBITED.) 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. § 34.107 (2026).
Text
Sec. 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 of the business of banking except:
(1)as necessary to avoid or minimize a loss on a loan or investment previously made in good faith; or
(2)as otherwise provided by this subtitle or rules adopted under this subtitle.
(b)Engaging in an approved activity, directly or through a subsidiary, that is a financial activity or incidental or complementary to a financial activity, whether as principal or agent, is not considered to be engaging in commerce.
SUBCHAPTER C. LOANS
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 528, Sec. 11, eff. Sept. 1, 2001.
Nearby Sections
15
§ 34.001
DEFINITION.§ 34.002
INVESTMENT IN BANK FACILITIES.§ 34.003
OTHER REAL PROPERTY.§ 34.101
SECURITIES.§ 34.102
TRANSACTION IN BANK SHARES.§ 34.103
BANK SUBSIDIARIES.§ 34.104
MUTUAL FUNDS.§ 34.105
OTHER DIRECT EQUITY INVESTMENTS.§ 34.107
ENGAGING IN COMMERCE PROHIBITED.§ 34.201
LENDING LIMITS.§ 34.202
VIOLATION OF LENDING LIMIT.§ 34.203
LOAN EXPENSES AND FEES.§ 34.204
LEASE FINANCING TRANSACTION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 34.107, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/34.107.