Tex. Fin. Code § 93.004 · Chapter 93. GENERAL POWERS
POWER TO BORROW.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
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.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.93.htm
- Text hash
- sha256 902a753cb04a8881a885b69f89724bda5e54ac7b2be377b27d5987972e14c175
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.