Texas § FI.93.007 - TRUST POWERS
Full text of Texas The Texas Constitution § FI.93.007 — TRUST POWERS, with citation guidance and answers to common questions.
§ FI.93.007. TRUST POWERS
TRUST POWERS. (a) A savings bank may exercise trust powers only with the commissioner's prior written approval. (b) The commissioner may approve the exercise of trust powers only after finding that the applicant's savings bank: (1) is complying with applicable regulatory capital requirements; (2) is well managed; and (3) has earnings, resources, and managerial talent adequate to maintain a trust department. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § FI.93.007
What does The Texas Constitution § FI.93.007 cover?
Section FI.93.007 ("TRUST POWERS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.93.007?
A common citation format is "The Texas Constitution § FI.93.007" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.93.007 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.