Texas Business & Commerce Code

§ 604.002 — INAPPLICABILITY OF CHAPTER

BC § 604.002Title 12. RIGHTS AND DUTIES OF CONSUMERS AND MERCHANTS · Ch. 604. SALE OR ISSUANCE OF STORED VALUE CARD · Art. A. GENERAL PROVISIONS

Statute text

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This chapter does not apply to a stored value card that:

(1)is issued by:

(A)a financial institution acting as a financial agent of the United States or this state;

(B)a federally insured financial institution, as defined by Section 201.101, Finance Code, if the financial institution is primarily liable for the card as the issuing principal; or

(C)an air carrier holding a certificate of public convenience and necessity under Title 49, United States Code;

(2)is issued as a prepaid calling card by a prepaid calling card company regulated under Section 55.253, Utilities Code;

…

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.