Tex. Fin. Code § 93.006

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 93.006 - Power to Act Under Certain Federal Retirement Plans

A savings bank or a federal savings bank, to the extent that its charter and applicable federal regulations permit, may:

(1) exercise any power necessary to qualify as a trustee or custodian for a retirement plan permitted or recognized by federal law; and

(2) invest money the bank holds as trustee or custodian under Subdivision (1) in the bank's accounts if the plan does not prohibit that investment.

Tex. Fin. Code § 93.006

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.