Tex. Finance Code § 93.007
This is the official text of Tex. Finance Code § 93.007, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 93.007. TRUST POWERS.
Official statutory text
(a) A savings bank may exercise trust powers only with the commissioner's prior written approval.
(b) The commissioner may approve the exercise of trust powers only after finding that the applicant's savings bank:
(1) is complying with applicable regulatory capital requirements;
(2) is well managed; and
(3) has earnings, resources, and managerial talent adequate to maintain a trust department.
(b) The commissioner may approve the exercise of trust powers only after finding that the applicant's savings bank:
(1) is complying with applicable regulatory capital requirements;
(2) is well managed; and
(3) has earnings, resources, and managerial talent adequate to maintain a trust department.
Status: in_force · Read it on the official government site
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