Tex. Finance Code § 277.001

This is the official text of Tex. Finance Code § 277.001, part of Texas’s Finance Code — regulates banks and other financial institutions.

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§ 277.001. DEFINITIONS.

Official statutory text

In this chapter:

(1) "Business" means a legal entity, including a corporation, partnership, or sole proprietorship, that is formed for the purpose of making a profit.

(2) "Business checking account" means an account at a financial institution from which withdrawals may be made by a business by check or draft. The term includes a money market account, a negotiable order of withdrawal account, or other account at a financial institution in which the account holder has check writing privileges.

(3) "Financial institution" means a state or national bank, state or federal savings and loan association, state or federal savings bank, or state or federal credit union doing business in this state.

Status: in_force · Read it on the official government site

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