Texas § 93.009 RIGHT TO ACT TO AVOID LOSS.

Texas Statutes

§ 93.009 — RIGHT TO ACT TO AVOID LOSS.

Texas § 93.009

Code FIFinance Code

This text of Texas § 93.009 (RIGHT TO ACT TO AVOID LOSS.) 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. § 93.009 (2026).

Text

Sec. 93.009. RIGHT TO ACT TO AVOID LOSS.

(a)This subtitle does not deny a savings bank the right to invest its money, operate a business, manage or deal in property, or take other action during any period that is reasonably necessary to avoid loss on a loan or on an investment made or obligation created in good faith in the usual course of the bank's business, as authorized by this subtitle or a rule adopted under this subtitle.

(b)This subtitle does not prohibit a savings bank from:

(1)developing or building on land it has acquired under this section; or

(2)completing the construction of a building under a construction loan contract in which the borrower has not complied with the contract.

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Sec. 93.009. RIGHT TO ACT TO AVOID LOSS. (a) This subtitle does not deny a savings bank the right to invest its money, operate a business, manage or deal in property, or take other action during any period that is reasonably necessary to avoid loss on a loan or on an investment made or obligation created in good faith in the usual course of the bank's business, as authorized by this subtitle or a rule adopted under this subtitle.
(b) This subtitle does not prohibit a savings bank from:
(1) developing or building on land it has acquired under this section; or
(2) completing the construction of a building under a construction loan contract in which the borrower has not complied with the contract.