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Texas Finance Code - FIN § 93.007. Trust Powers

Current as of January 01, 2024 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - Texas Finance Code - FIN § 93.007. Trust Powers - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-93-007/

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