Texas § 93.007 TRUST POWERS.

Texas Statutes

§ 93.007 — TRUST POWERS.

Texas § 93.007

Code FIFinance Code

This text of Texas § 93.007 (TRUST POWERS.) 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. § 93.007 (2026).

Text

Sec. 93.007. TRUST POWERS.

(a)A savings bank may exercise trust powers only with the commissioner's prior written approval.

(b)The commissioner may approve the exercise of trust powers only after finding that the applicant's savings bank:

(1)is complying with applicable regulatory capital requirements;

(2)is well managed; and

(3)has earnings, resources, and managerial talent adequate to maintain a trust department.

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Sec. 93.007. TRUST POWERS. (a) A savings bank may exercise trust powers only with the commissioner's prior written approval.
(b) The commissioner may approve the exercise of trust powers only after finding that the applicant's savings bank:
(1) is complying with applicable regulatory capital requirements;
(2) is well managed; and
(3) has earnings, resources, and managerial talent adequate to maintain a trust department.