Tex. Fin. Code Section 93.004
Power to Borrow


(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.
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: Section 93.004 — Power to Borrow, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­93.­htm#93.­004 (accessed May 11, 2024).

Accessed:
May 11, 2024

§ 93.004’s source at texas​.gov