Texas Statutes
§ 62.153 — INSURANCE OF SAVINGS ACCOUNTS.
Texas § 62.153
JurisdictionTexas
Code FIFinance Code
This text of Texas § 62.153 (INSURANCE OF SAVINGS ACCOUNTS.) 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. § 62.153 (2026).
Text
Sec. 62.153. INSURANCE OF SAVINGS ACCOUNTS.
(a)An association may obtain insurance for its savings accounts from the Federal Deposit Insurance Corporation.
(b)Only if the account is insured by the Federal Deposit Insurance Corporation may a person advertise, represent, or offer to accept a savings account in this state as:
(1)an insured or guaranteed account; or
(2)the savings account of an insured or guaranteed institution.
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 62.001
APPLICATION TO INCORPORATE.§ 62.004
APPROVAL OF MANAGING OFFICER.§ 62.005
CORPORATE NAME.§ 62.008
PREFERENCE FOR LOCAL CONTROL.§ 62.011
CHANGE OF OFFICE OR NAME.§ 62.051
PURPOSE OF INCORPORATION.§ 62.052
INCORPORATION REQUIREMENTS.§ 62.101
ORGANIZATIONAL MEETING.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 62.153, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/62.153.