Texas § FI.98.001 - LIMITATION ON RIGHT TO DO BUSINESS AS SAVINGS BANK
Full text of Texas The Texas Constitution § FI.98.001 — LIMITATION ON RIGHT TO DO BUSINESS AS SAVINGS BANK, with citation guidance and answers to common questions.
§ FI.98.001. LIMITATION ON RIGHT TO DO BUSINESS AS SAVINGS BANK
LIMITATION ON RIGHT TO DO BUSINESS AS SAVINGS BANK. (a) A person may not do business as a savings bank in this state or maintain an office in this state for the purpose of doing business in this state unless the person is a: (1) domestic savings bank; (2) federal savings bank; or (3) foreign savings bank that holds a certificate of authority issued under Subchapter I , Chapter 92 , or Section 61 , Chapter 61 , General Laws, Acts of the 41st Legislature, 2nd Called Session, 1929 (Article 881a-60, Vernon's Texas Civil Statutes). (b) Subsection (a) does not prohibit activity that is not considered to be transacting business in this state under Section B, Article 8.01, Texas Business Corporation Act. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.98.001
What does The Texas Constitution § FI.98.001 cover?
Section FI.98.001 ("LIMITATION ON RIGHT TO DO BUSINESS AS SAVINGS BANK") 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.98.001?
A common citation format is "The Texas Constitution § FI.98.001" (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.98.001 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.