A foreign bank licensed to establish and maintain a Texas state branch or agency is subject to the same limitations with respect to the payment of interest on deposits as a state bank that is a member of the Federal Reserve System.
Tex. Fin. Code § 204.112
LIMITATIONS ON PAYMENT OF INTEREST ON DEPOSITS
Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.