Texas § FI.34.107 - ENGAGING IN COMMERCE PROHIBITED
Full text of Texas The Texas Constitution § FI.34.107 — ENGAGING IN COMMERCE PROHIBITED, with citation guidance and answers to common questions.
§ FI.34.107. ENGAGING IN COMMERCE PROHIBITED
ENGAGING IN COMMERCE PROHIBITED. (a) A state bank may not buy, sell, or otherwise deal in goods in trade or commerce or own or operate a business not part of the business of banking except: (1) as necessary to avoid or minimize a loss on a loan or investment previously made in good faith; or (2) as otherwise provided by this subtitle or rules adopted under this subtitle. (b) Engaging in an approved activity, directly or through a subsidiary, that is a financial activity or incidental or complementary to a financial activity, whether as principal or agent, is not considered to be engaging in commerce. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 528, Sec. 11, eff. Sept. 1, 2001. SUBCHAPTER C. LOANS
Frequently Asked Questions About Texas § FI.34.107
What does The Texas Constitution § FI.34.107 cover?
Section FI.34.107 ("ENGAGING IN COMMERCE PROHIBITED") 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.34.107?
A common citation format is "The Texas Constitution § FI.34.107" (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.34.107 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.