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2025 Texas Statutes
Finance Code
Title 3 - Financial Institutions and Businesses
Subtitle C - Savings Banks
Chapter 93 - General Powers
Section 93.007. Trust Powers
Universal Citation:
TX Fin Code § 93.007 (2025)
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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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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