Texas Statutes
§ 63.006 — POWER TO ACT UNDER CERTAIN FEDERAL RETIREMENT PLANS.
Texas § 63.006
JurisdictionTexas
Code FIFinance Code
This text of Texas § 63.006 (POWER TO ACT UNDER CERTAIN FEDERAL RETIREMENT PLANS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 63.006 (2026).
Text
Sec. 63.006. POWER TO ACT UNDER CERTAIN FEDERAL RETIREMENT PLANS. 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.
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Related
§ 401
26 U.S.C. § 401
Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
10
§ 63.001
GENERAL CORPORATE POWERS.§ 63.002
ENLARGEMENT OF POWERS.§ 63.003
POWERS OF FEDERAL ASSOCIATION.§ 63.004
POWER TO BORROW.§ 63.005
FISCAL AGENT.§ 63.007
RIGHT TO ACT TO AVOID LOSS.§ 63.008
CLOSING PLACE OF BUSINESS.§ 63.009
EMERGENCY CLOSING.§ 63.010
EFFECT OF CLOSING.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 63.006, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/63.006.