Texas § FI.93.009 - RIGHT TO ACT TO AVOID LOSS
Full text of Texas The Texas Constitution § FI.93.009 — RIGHT TO ACT TO AVOID LOSS, with citation guidance and answers to common questions.
§ FI.93.009. RIGHT TO ACT TO AVOID LOSS
RIGHT TO ACT TO AVOID LOSS. (a) This subtitle does not deny a savings bank the right to invest its money, operate a business, manage or deal in property, or take other action during any period that is reasonably necessary to avoid loss on a loan or on an investment made or obligation created in good faith in the usual course of the bank's business, as authorized by this subtitle or a rule adopted under this subtitle. (b) This subtitle does not prohibit a savings bank from: (1) developing or building on land it has acquired under this section; or (2) completing the construction of a building under a construction loan contract in which the borrower has not complied with the contract. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § FI.93.009
What does The Texas Constitution § FI.93.009 cover?
Section FI.93.009 ("RIGHT TO ACT TO AVOID LOSS") 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.93.009?
A common citation format is "The Texas Constitution § FI.93.009" (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.93.009 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.