Tex. Fin. Code § 93.006 · Chapter 93. GENERAL POWERS
POWER TO ACT UNDER CERTAIN FEDERAL RETIREMENT PLANS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A savings bank or a federal savings bank, to the extent that its charter and applicable federal regulations permit, may:
(1) exercise any power necessary to qualify as a trustee or custodian for a retirement plan permitted or recognized by federal law; and
(2) invest money the bank holds as trustee or custodian under Subdivision (1) in the bank's accounts if the plan does not prohibit that investment.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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 e5d0d657475aa6436ad54822d91a6f8ecc12ef7ca507cd93ffc46714d3375452
- 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.