Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 34.107 - Engaging in Commerce Prohibited(a) A state bank may not buy, sell, or otherwise deal in goods in trade or commerce or own or operate a business not part of the business of banking except: (1) as necessary to avoid or minimize a loss on a loan or investment previously made in good faith; or(2) as otherwise provided by this subtitle or rules adopted under this subtitle.(b) Engaging in an approved activity, directly or through a subsidiary, that is a financial activity or incidental or complementary to a financial activity, whether as principal or agent, is not considered to be engaging in commerce.Amended by Acts 2001, 77th Leg., ch. 528, Sec. 11, eff. 9/1/2001.