Tex. Finance Code § 202.002
This is the official text of Tex. Finance Code § 202.002, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 202.002. LIMITATION ON CONTROL OF DEPOSITS.
Official statutory text
(a) The commissioner may not approve an acquisition if, on consummation of the transaction, the applicant, including all depository institution affiliates of the applicant, would control 20 percent or more of the total amount of deposits in this state held by depository institutions in this state.
(b) The commissioner may request and the applicant shall provide supplemental information to the commissioner to aid in a determination under this section, including information that is more current than or in addition to information in the most recently available summary of deposits, reports of condition, or similar reports filed with or produced by state or federal authorities.
(b) The commissioner may request and the applicant shall provide supplemental information to the commissioner to aid in a determination under this section, including information that is more current than or in addition to information in the most recently available summary of deposits, reports of condition, or similar reports filed with or produced by state or federal authorities.
Status: in_force · Read it on the official government site
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