Sec. 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, to the same extent as a federal association;
(2) raise capital in the same manner and form as a federal association;
(3) issue a certificate in the same form as a federal association; or
(4) pay a dividend, earnings, or interest on a certificate in the same manner as a federal association.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Section 63.001. General Corporate Powers
Section 63.002. Enlargement of Powers
Section 63.003. Powers of Federal Association
Section 63.004. Power to Borrow
Section 63.006. Power to Act Under Certain Federal Retirement Plans
Section 63.007. Right to Act to Avoid Loss
Section 63.008. Closing Place of Business