Texas Finance Code

§ 92.156 — FINANCIAL INSTITUTION BOND

FI § 92.156Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. D. ADMINISTRATION

Statute text

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(a)A savings bank shall maintain a financial institution bond that provides adequate coverage to protect the savings bank from loss:

(1)by or through dishonest or criminal action or omission, including fraud, theft, or misplacement, by any of the following persons:

(A)an officer or employee of the savings bank;

(B)an attorney retained by the savings bank;

(C)a nonemployee performing data processing services for the savings bank; or

(D)a director of the savings bank performing a duty of an officer or employee; or

…

Legislative history

Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.06, eff. September 1, 2005. Acts 2017, 85th Leg., R.S., Ch. 165 (H.B. 2579), Sec. 1, eff. September 1, 2017.