Tex. Finance Code § 280.002
This is the official text of Tex. Finance Code § 280.002, part of Texas’s Finance Code — regulates banks and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 280.002. DEFINITIONS.
Official statutory text
In this chapter:
(1) "Credit union" means:
(A) a credit union as defined by Section 121.002; or
(B) a federal credit union doing business in this state.
(2) "Deposit," with respect to a financial institution, has the meaning assigned by Section 31.002.
(3) "Finance commission" means the Finance Commission of Texas.
(4) "Financial institution" has the meaning assigned by Section 31.002.
(5) "Savings promotion raffle" means a raffle conducted by a credit union or financial institution in which the sole action required for a chance of winning a designated prize is the deposit of at least a specified amount of money in a savings account or other savings program offered by the credit union or financial institution.
(1) "Credit union" means:
(A) a credit union as defined by Section 121.002; or
(B) a federal credit union doing business in this state.
(2) "Deposit," with respect to a financial institution, has the meaning assigned by Section 31.002.
(3) "Finance commission" means the Finance Commission of Texas.
(4) "Financial institution" has the meaning assigned by Section 31.002.
(5) "Savings promotion raffle" means a raffle conducted by a credit union or financial institution in which the sole action required for a chance of winning a designated prize is the deposit of at least a specified amount of money in a savings account or other savings program offered by the credit union or financial institution.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.