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State Law
Federal Law
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Texas Finance Code - Chapter 63 General PowersLegal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Chapter 63 General 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 ... Notwithstanding any other provision of this subtitle, an association may: (1) perform a function or engage in an activity, including making a loan or investment, ... A federal association and its members have all the powers, privileges, benefits, immunities, and exemptions provided by the law of this state for an association ... (a) An association may: (1) borrow from any nongovernmental source an aggregate amount that does not exceed 25 percent of the amount of the association's ... (a) An association may act as fiscal agent of the United States. An association designated as fiscal agent of the United States by the secretary ... An association or a federal association, to the extent that its charter and applicable federal regulations permit, may: (1) exercise any power necessary to qualify ... This subtitle or another statute of this state does not deny an association the right to invest its money, operate a business, manage or deal ... An association or a federal savings and loan association operating in this state may close its place of business at any time its board determines. ... (a) If the officers of an association determine that an emergency that affects or may affect the association's offices or operations exists or is impending, ... (a) A day on which an association or one or more of its operations is closed under Section 63.009 during all or part of its ... Last modified: August 10, 2007 |