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78R11867 DWS-F
By: Averitt S.B. No. 1666
Substitute the following for S.B. No. 1666:
By: Flynn C.S.S.B. No. 1666
A BILL TO BE ENTITLED
AN ACT
relating to the definition of a financial institution for purposes
of law governing savings banks.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 91.002(14), Finance Code, is amended to
read as follows:
(14) "Financial institution" has the meaning assigned
by Section 201.101 [means a state or federal savings bank, a state
or federal savings and loan association, or a state or national
bank].
SECTION 2. This Act takes effect September 1, 2003.