Texas Finance Code - Section 63.001. General Corporate Powers
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Texas Lawyer > Finance Code > Texas Finance Code - Section 63.001. General Corporate Powers
§ 63.001. GENERAL CORPORATE POWERS. (a) An association
has all the powers authorized by this subtitle and any other right,
privilege, or power incidental to or reasonably necessary to
accomplish the purposes of the association.
(b) With the commissioner's prior approval, an association
may engage in business as a savings and loan association in any
state of the United States to the extent permitted by the laws of
that state, either directly or through the ownership of an
association incorporated under the laws of another state.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 62.555 62.556 62.557 62.558 62.559 62.560 62.561 63.001 63.002 63.003 63.004 63.005 63.006 63.007 63.008
Last modified: August 10, 2007
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