Sec. 93.012. EFFECT OF CLOSING. (a) A day on which a savings bank or one or more of its operations are closed under Section 93.011 during all or part of its normal business hours is considered to be a legal holiday to the extent the savings bank suspends operations.
(b) A savings bank or a director, officer, or employee of a savings bank does not incur liability or loss of rights from a closing authorized by Section 93.011.
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