{"data":{"id":"us-tx/tex.-finance-code-93.009","jurisdiction":"us-tx","citation":"Tex. Finance Code § 93.009","heading":"RIGHT TO ACT TO AVOID LOSS.","body":"(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.\n(b) This subtitle does not prohibit a savings bank from:\n(1) developing or building on land it has acquired under this section; or\n(2) completing the construction of a building under a construction loan contract in which the borrower has not complied with the contract.\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#93.009","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"898e93edd0f454e1ec3f1328d426b168381cc9e9245de54a26e631f151f57763","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-93.008","next":"us-tx/tex.-finance-code-93.010"},"notice":"GroundRules: Original legal text. Not legal advice."}