11.302 – SAVINGS ASSOCIATION AND SAVINGS BANK RULES. (a)
Texas Finance Code § 11.302
Summary
This law allows the finance commission to create rules for state savings associations and banks, enabling them to invest similarly to federal counterparts. It ensures that state entities can operate with flexibility while maintaining their rights and powers.
Finance commission can adopt rules for state savings associations and banks.
Allows investment methods similar to federal savings institutions.
Does not limit existing rights or powers of state entities.
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In simple terms: Learn about Texas's SAVINGS ASSOCIATION AND SAVINGS BANK RULES. (a) law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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