Tex. Finance Code § 63.001
GENERAL CORPORATE POWERS
Texas · Texas Finance Code · Status: effective
Cite this
- Citation
- Tex. Finance Code § 63.001, GENERAL CORPORATE POWERS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645394
- Permanent ID
ys:prov:645394@1- SHA-256
9c6669b66f2d7ef7b6f774abc9092f7177ae33a6cb90e68dc9429eacb193486c
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) An association has all the powers authorized by this subtitle and any other right, privilege, or power incidental to or reasonably necessary to accomplish the purposes of the association.
(b) With the commissioner's prior approval, an association may engage in business as a savings and loan association in any state of the United States to the extent permitted by the laws of that state, either directly or through the ownership of an association incorporated under the laws of another state.