It will contain two copies of the Texture.
It's likely that Max3D will detect this as part of Model loading, but just loading straight images will not, and it's probably a good thing that it doesn't in case you want to alter one or more copies in some way.
It's likely that Max3D will detect this as part of Model loading, but just loading straight images will not, and it's probably a good thing that it doesn't in case you want to alter one or more copies in some way.