{"data":{"id":"us-tx/tex.-finance-code-93.007","jurisdiction":"us-tx","citation":"Tex. Finance Code § 93.007","heading":"TRUST POWERS.","body":"(a) A savings bank may exercise trust powers only with the commissioner's prior written approval.\n(b) The commissioner may approve the exercise of trust powers only after finding that the applicant's savings bank:\n(1) is complying with applicable regulatory capital requirements;\n(2) is well managed; and\n(3) has earnings, resources, and managerial talent adequate to maintain a trust department.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 93. GENERAL POWERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.93.htm#93.007","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"9a71dbd43f1ad42ad55c677c0a8d994e798af80925e6e27e86db8f819e662777","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-93.006","next":"us-tx/tex.-finance-code-93.008"},"notice":"GroundRules: Original legal text. Not legal advice."}