Definitions

Sec. 201.101. DEFINITIONS. In this subchapter: (1) "Financial institution" means: (A) a bank as defined for any purpose by Section 201.002(a)(4), whether chartered under the laws of this state, another state, the United States, or another country, including a state savings bank; (B) a savings and loan association chartered under Chapter 62 or similar laws of another state; (C) a federal savings and loan association, federal savings bank, or federal credit union; (D) a credit union chartered under Chapter 122 or similar laws of another state; or (E) a trust company chartered under the laws of this state or another state. (2) "Out-of-state financial institution" means a financial institution that: (A) is not chartered under the laws of this state; and (B) has its main or principal office in another state or country. (3) "Texas financial institution" means a financial institution that: (A) is chartered under the laws of this state or under federal law; and (B) has its main or principal office in this state. Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.