Texas Finance Code

§ 63.002 — ENLARGEMENT OF POWERS

FI § 63.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 63. GENERAL POWERS

Notwithstanding any other provision of this subtitle, an association may:

(1)perform a function or engage in an activity, including making a loan or investment, to the same extent as a federal association;

(2)raise capital in the same manner and form as a federal association;

(3)issue a certificate in the same form as a federal association; or

(4)pay a dividend, earnings, or interest on a certificate in the same manner as a federal association.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.