Texas Finance Code - Section 11.302. Savings Association And Savings Bank Rules

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§ 11.302. SAVINGS ASSOCIATION AND SAVINGS BANK 
RULES.  (a) The finance commission may adopt rules applicable to 
state savings associations or to savings banks and may authorize 
state savings associations and savings banks to invest money of 
state savings associations or savings banks in any manner permitted 
for a federal savings association or federal savings bank domiciled 
in this state.  This subsection does not authorize the finance 
commission to diminish or limit a right or power specifically given 
to state savings associations or savings banks by state law.
	(b)  The finance commission may adopt rules to:                                
		(1)  prevent state savings associations or savings 
banks from concentrating an excessive or unreasonable portion of 
the resources of state savings associations or savings banks in a 
type or character of loan or security authorized by Subtitle B or C, 
Title 3;   and
		(2)  establish standards for investments by state 
savings associations or savings banks, including limits on the 
amount that a state savings association or savings bank may invest 
in a type or character of investment to an amount or percentage of 
the savings association's or savings bank's assets or net worth.

Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.                   

Last modified: August 10, 2007