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Tex. Finance Code § 63.006

POWER TO ACT UNDER CERTAIN FEDERAL RETIREMENT PLANS

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 63.006, POWER TO ACT UNDER CERTAIN FEDERAL RETIREMENT PLANS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645399
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An association or a federal association, 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) a retirement plan meeting the requirements of 26 U.S.C. Section 401(d) or 408; or (B) a similar plan permitted or recognized by federal law; and (2) invest money the association holds as trustee or custodian under Subdivision (1) in the association's savings accounts if the plan does not prohibit that investment.