Texas Finance Code

§ 277.002 — ACCOUNT INFORMATION REQUIRED

FI § 277.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES · Ch. 277. BUSINESS CHECKING ACCOUNTS

Statute text

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(a)A financial institution shall require, as a condition of opening or maintaining a business checking account, that the applicant or account holder provide:

(1)if the business is a sole proprietorship:

(A)the name of the business owner;

(B)the physical address of the business;

(C)the home address of the business owner; and

(D)the driver's license number of the business owner or the personal identification card number issued to the business owner by the Department of Public Safety; or

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Legislative history

Added by Acts 1999, 76th Leg., ch. 998, Sec. 1, eff. Sept. 1, 1999.