80R10024 DWS-F
 
  By: Solomons H.B. No. 944
 
  Substitute the following for H.B. No. 944:
 
  By:  Solomons C.S.H.B. No. 944
 
 
A BILL TO BE ENTITLED
AN ACT
relating to location of certain financial institution branches.
       BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
       SECTION 1.  Section 31.002(a), Finance Code, is amended by
adding Subdivision (10-a) to read as follows:
             (10-a) "Commercial activity" means an activity in which
a bank holding company, financial holding company, national bank,
or national bank financial subsidiary may not engage under United
States law.
       SECTION 2.  Section 32.203, Finance Code, is amended by
adding Subsection (c) to read as follows:
       (c)  A state bank may not establish or maintain a branch on
the premises or property of an affiliate if the affiliate engages in
a commercial activity.
       SECTION 3.  Section 92.063, Finance Code, is amended by
adding Subsection (d) to read as follows:
       (d)  A savings bank may not establish or maintain a branch on
the premises or property of an affiliate if the affiliate engages in
commercial activities not permitted for a state savings bank or
subsidiary of a state savings bank.
       SECTION 4.  Section 203.002, Finance Code, is amended by
adding Subsection (d) to read as follows:
       (d)  A depository institution may not establish or maintain a
branch in this state on the premises or property of an affiliate if
the affiliate engages in commercial activities, except as provided
by Section 92.063(d).
       SECTION 5.  This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution.  If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2007.