Texas § 92.054 MINIMUM INITIAL CAPITAL.

Texas Statutes

§ 92.054 — MINIMUM INITIAL CAPITAL.

Texas § 92.054

Code FIFinance Code

This text of Texas § 92.054 (MINIMUM INITIAL CAPITAL.) 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. § 92.054 (2026).

Text

Sec. 92.054. MINIMUM INITIAL CAPITAL.

(a)The finance commission by rule shall set the minimum initial capital of a savings bank in an amount not less than the greater of:

(1)the amount required to obtain insurance of deposit accounts by the Federal Deposit Insurance Corporation; or

(2)the amount required of a national bank.

(b)The initial capital must be paid in cash before the savings bank may begin business.

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Sec. 92.054. MINIMUM INITIAL CAPITAL. (a) The finance commission by rule shall set the minimum initial capital of a savings bank in an amount not less than the greater of:
(1) the amount required to obtain insurance of deposit accounts by the Federal Deposit Insurance Corporation; or
(2) the amount required of a national bank.
(b) The initial capital must be paid in cash before the savings bank may begin business.