Texas Finance Code
§ 93.004 — POWER TO BORROW
FI § 93.004Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 93. GENERAL POWERS
Statute text
View on source(a)A savings bank may borrow and give security, subject to rules adopted by the finance commission.
(b)A savings bank at any time through action of its board may issue a capital note, debenture, or other capital obligation authorized by rules adopted by the finance commission.
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 51, eff. Sept. 1, 2001.