Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 98.101 - Powers of Foreign Savings Bank; Eligibility of Accounts for Investment(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.(b) A foreign savings bank may not be considered a savings bank organized under the laws of this state.(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. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.