Sec. 64.001. ADOPTION OF RULES. (a) The finance commission shall adopt rules relating to the power of associations operating under this subtitle to make loans and investments.
(b) Rules adopted under this section must contain provisions reasonably necessary to ensure that:
(1) a loan made by an association is consistent with sound lending practices; and
(2) an investment made by an association promotes the purposes of this subtitle.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 28, eff. Sept. 1, 2001.
Section: 64.001 64.002 64.003 64.021 64.022 64.023 64.041 64.042 64.061 64.062 64.063 64.064 64.081 64.082 64.083 NextLast modified: September 28, 2016