ACCOUNTS FOR CANDIDATES FOR PUBLIC OFFICE
Applied in 1 court decision — leading case Invesco Investment Services, Inc. v. Fidelity Deposit & Discount Bank (2011)
Most recently applied in Invesco Investment Services, Inc. v. Fidelity Deposit & Discount Bank (June 2011)
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.27(a), eff
(a) A financial institution may not open an account in the name of a candidate without obtaining that candidate's consent and signature. This subsection does not require that the candidate be a signatory to the account.
(b) In this section:
(1) "Candidate" has the meaning assigned by Section 251.001, Election Code.
(2) "Financial institution" means a bank, savings and loan association, savings bank, or credit union.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.