Texas § FI.277.002 - ACCOUNT INFORMATION REQUIRED
Full text of Texas The Texas Constitution § FI.277.002 — ACCOUNT INFORMATION REQUIRED, with citation guidance and answers to common questions.
§ FI.277.002. ACCOUNT INFORMATION REQUIRED
ACCOUNT INFORMATION REQUIRED. (a) A financial institution shall require, as a condition of opening or maintaining a business checking account, that the applicant or account holder provide: (1) if the business is a sole proprietorship: (A) the name of the business owner; (B) the physical address of the business; (C) the home address of the business owner; and (D) the driver's license number of the business owner or the personal identification card number issued to the business owner by the Department of Public Safety; or (2) if the business is a corporation or other legal entity, a copy of the business's certificate of incorporation or a comparable document and an assumed name certificate, if any. (b) The financial institution shall request that the account holder inform the institution at least annually of any changes in the information the institution is required to obtain under Subsection (a). Added by Acts 1999, 76th Leg., ch. 998, Sec. 1, eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § FI.277.002
What does The Texas Constitution § FI.277.002 cover?
Section FI.277.002 ("ACCOUNT INFORMATION REQUIRED") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.277.002?
A common citation format is "The Texas Constitution § FI.277.002" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.277.002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.