Tex. Finance Code § 393.611
This is the official text of Tex. Finance Code § 393.611, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 393.611. MINIMUM ASSETS FOR LICENSE.
Official statutory text
A license holder shall maintain net assets used or readily available for use in conducting the business of each of the offices for which a license is held under this subchapter, in an amount that is not less than the lesser of:
(1) $25,000 for each office; or
(2) $2,500,000 in the aggregate.
(1) $25,000 for each office; or
(2) $2,500,000 in the aggregate.
Status: in_force · Read it on the official government site
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