Section 651.053 - Entitlement of Banks and Savings and Loan Associations to License(a) A bank or a savings and loan association is entitled to receive a license under this subchapter if the bank or savings and loan association: (1) is engaging in business under the laws of this state or the United States; and(2) notifies the department of its intention to operate under this chapter.(b) On receipt of notice under Subsection (a)(2), the department shall immediately issue a license to the bank or savings and loan association.Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. 4/1/2005.