Texas Finance Code 94.351 – Investment in Banking Premises
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 94.351
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Without prior approval of the commissioner, a savings bank may invest not more than an amount equal to the savings bank’s regulatory capital in real property, including a building or related facility, a parking facility, or leasehold improvements for a rented facility, for use by the savings bank as its banking premises.