Sec. 204.104. NO CONCURRENT FEDERAL BRANCH OR AGENCY. (a) A foreign bank licensed under this subchapter to establish and maintain a Texas state branch or agency may not concurrently maintain a federal branch or federal agency in this state.
(b) A foreign bank which maintains a federal branch or federal agency in this state may not concurrently be licensed under this subchapter to maintain a Texas state branch or agency.
Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle G - Bank Holding Companies; Interstate Bank Operations
Subchapter B. Direct Branch and Agency Offices of Foreign Banks
Section 204.101. Application to Establish Branch or Agency
Section 204.102. Hearing and Decision on Application
Section 204.103. Issuance of License
Section 204.104. No Concurrent Federal Branch or Agency
Section 204.105. Powers of Branch and Agency
Section 204.106. Application to Act as Fiduciary
Section 204.109. Relocation of Office
Section 204.110. Separate Assets
Section 204.111. Disclosure of Lack of Deposit Insurance
Section 204.112. Limitations on Payment of Interest on Deposits
Section 204.113. Pledge of Assets
Section 204.114. Asset Maintenance
Section 204.115. Voluntary Closure of Branch or Agency
Section 204.117. Procedure for Revocation
Section 204.118. Immediate Suspension or Revocation
Section 204.119. Status of Revoked License