Texas Finance Code Title 3, Chapter 63 - General Powers

• Texas Section 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...
• Texas Section 63.002 - Enlargement Of Powers
  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,...
• Texas Section 63.003 - Powers Of Federal Association
  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...
• Texas Section 63.004 - Power To Borrow
  (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...
• Texas Section 63.005 - Fiscal Agent
  (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...
• Texas Section 63.006 - Power To Act Under Certain Federal Retirement Plans
  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...
• Texas Section 63.007 - Right To Act To Avoid Loss
  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...
• Texas Section 63.008 - Closing Place Of Business
  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....
• Texas Section 63.009 - Emergency Closing
  (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,...
• Texas Section 63.010 - Effect Of Closing
  (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: September 28, 2016