Sec. 93.002. ENLARGEMENT OF POWERS. (a) The finance commission by rule may expand the powers of savings banks to accommodate or take advantage of changing technology and to enable domestic savings banks to respond to the needs of and convenience demanded by consumers and businesses through on-premises or off-premises operations.
(b) The finance commission may not authorize a domestic savings bank to offer a financial service prohibited to a domestic savings bank by a law of this state other than this subtitle.
(c) In adopting a rule under this section, the finance commission shall consider the need to:
(1) promote a stable environment for financial institutions;
(2) provide the public with convenient, safe, and competitive financial services; and
(3) allow for economic development in the state.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Section 93.001. General Corporate Powers
Section 93.002. Enlargement of Powers
Section 93.003. Powers of Federal Savings Bank
Section 93.004. Power to Borrow
Section 93.006. Power to Act Under Certain Federal Retirement Plans
Section 93.008. Powers Relative to Other Financial Institutions
Section 93.009. Right to Act to Avoid Loss
Section 93.010. Closing Place of Business