Texas Statutes
§ 93.012 — EFFECT OF CLOSING.
Texas·Code FI Finance Code
Sec. 93.012. EFFECT OF CLOSING.
(a)A day on which a savings bank or one or more of its operations are closed under Section 93.011 during all or part of its normal business hours is considered to be a legal holiday to the extent the savings bank suspends operations.
(b)A savings bank or a director, officer, or employee of a savings bank does not incur liability or loss of rights from a closing authorized by Section 93.011 .
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
12
§ 93.001
GENERAL CORPORATE POWERS.§ 93.002
ENLARGEMENT OF POWERS.§ 93.003
POWERS OF FEDERAL SAVINGS BANK.§ 93.004
POWER TO BORROW.§ 93.005
FISCAL AGENT.§ 93.007
TRUST POWERS.§ 93.009
RIGHT TO ACT TO AVOID LOSS.§ 93.010
CLOSING PLACE OF BUSINESS.§ 93.011
EMERGENCY CLOSING.§ 93.012
EFFECT OF CLOSING.