Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 94.002 - Commercial Loans(a) Subject to rules adopted by the finance commission, a savings bank may lend or invest not more than 40 percent of the savings bank's total assets in commercial loans.(b) In this section, "commercial loan" means a loan that:(1) is for business, commercial, corporate, or agricultural purposes;(2) is not a real property loan; and(3) is not a qualified thrift asset under Section 92.204.Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 464,Sec. 10, eff. 9/1/2013.Amended by Acts 2001, 77th Leg., ch. 867, Sec. 54, eff. 9/1/2001.