Texas § FI.34.304 - SECURING DEPOSITS
Full text of Texas The Texas Constitution § FI.34.304 — SECURING DEPOSITS, with citation guidance and answers to common questions.
§ FI.34.304. SECURING DEPOSITS
SECURING DEPOSITS. (a) A state bank may not create a lien on its assets or secure the repayment of a deposit except as authorized or required by this section, rules adopted under this subtitle, or other law. (b) A state bank may pledge its assets to secure a deposit of: (1) any state or an agency, political subdivision, or instrumentality of any state; (2) the United States or an agency or instrumentality of the United States; (3) any federally recognized Indian tribe; or (4) another entity to the same extent and subject to the same limitations as may be authorized by the law of this state or of the United States for any other depository institution doing business in this state. (c) This section does not prohibit the pledge of assets to secure the repayment of money borrowed or the purchase of excess deposit insurance from a private insurance company. (d) An act, deed, conveyance, pledge, or contract in violation of this section is void. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2007, 80th Leg., R.S., Ch. 110 (H.B. 2007 ), Sec. 11, eff. September 1, 2007.
Frequently Asked Questions About Texas § FI.34.304
What does The Texas Constitution § FI.34.304 cover?
Section FI.34.304 ("SECURING DEPOSITS") 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.34.304?
A common citation format is "The Texas Constitution § FI.34.304" (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.34.304 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.