# Tex. Finance Code § 31.004: UNAUTHORIZED BANKING

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.004

## Section

- **Citation:** Tex. Finance Code § 31.004
- **Heading:** UNAUTHORIZED BANKING
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 31 / Section 31.004

## Text

(a) Except as otherwise provided by law, a person other than a depository institution authorized to conduct business in this state may not conduct the business of banking or represent to the public that it is conducting the business of banking in this state.

(b) This section does not prohibit the continued operation of a bank, trust company, bank and trust company, or savings bank by:

(1) a person, partnership, trustee, or trustee operating under a common law declaration of trust who:

(A) was actively engaged in the operation of the institution on June 13, 1923; or

(B) operated the institution for any period of at least 20 years before June 13, 1923, and resumed operations of the institution not later than June 13, 1924; or

(2) a legal representative or successor of a person or entity described by Subdivision (1).

## Nearby sections

- [Tex. Finance Code § 31.001 § 31.001. SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.001.md)
- [Tex. Finance Code § 31.002 § 31.002. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.002.md)
- [Tex. Finance Code § 31.003 § 31.003. BANKING RULES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.003.md)
- [Tex. Finance Code § 31.004 § 31.004. UNAUTHORIZED BANKING.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.004.md)
- [Tex. Finance Code § 31.005 § 31.005. IMPLYING THAT PERSON IS BANK.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.005.md)
- [Tex. Finance Code § 31.006 § 31.006. LIABILITY OF DEPOSITORY INSTITUTION DIRECTORS AND PERSONNEL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.006.md)
- [Tex. Finance Code § 31.007 § 31.007. EXEMPTION OF BANK DIRECTORS AND PERSONNEL FROM SECURITIES LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.007.md)
- [Tex. Finance Code § 31.101 § 31.101. GENERAL DUTIES OF BANKING COMMISSIONER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.101.md)
- [Tex. Finance Code § 31.102 § 31.102. ISSUANCE OF INTERPRETIVE STATEMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.102.md)
- [Tex. Finance Code § 31.103 § 31.103. ISSUANCE OF OPINION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.103.md)
- [Tex. Finance Code § 31.104 § 31.104. EFFECT OF INTERPRETIVE STATEMENT OR OPINION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.104.md)
- [Tex. Finance Code § 31.105 § 31.105. EXAMINATION REQUIRED.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.105.md)
- [Tex. Finance Code § 31.106 § 31.106. COST OF REGULATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.106.md)
- [Tex. Finance Code § 31.107 § 31.107. REGULATION AND EXAMINATION OF RELATED ENTITIES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.107.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.004. Check the current official text before relying on it. Not legal advice.