Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Subchapter A. General Provisions
Section 273.001. Short Title - Sec. 273.001. SHORT TITLE. This chapter may be cited as...
Section 273.002. Purposes; Liberal Construction - Sec. 273.002. PURPOSES; LIBERAL CONSTRUCTION. (a) The purposes of this...
Section 273.003. Definitions - Sec. 273.003. DEFINITIONS. In this chapter: (1) "Board" means the...
Section 273.004. Exemption From Securities Act - Sec. 273.004. EXEMPTION FROM SECURITIES ACT. (a) A security issued...
Section 273.005. Security of Corporation Considered Authorized Investment of Savings and Loan Association - Sec. 273.005. SECURITY OF CORPORATION CONSIDERED AUTHORIZED INVESTMENT OF SAVINGS...
Subchapter B. Organization of Corporation
Section 273.101. Creation of and Membership in Corporation - Sec. 273.101. CREATION OF AND MEMBERSHIP IN CORPORATION. (a) The...
Section 273.102. Board of Directors - Sec. 273.102. BOARD OF DIRECTORS. (a) The board shall exercise...
Section 273.103. Executive Committee - Sec. 273.103. EXECUTIVE COMMITTEE. (a) The plan of operation of...
Section 273.104. Term - Sec. 273.104. TERM. (a) An elected director serves a two-year...
Section 273.105. Board Officers and Personnel - Sec. 273.105. BOARD OFFICERS AND PERSONNEL. (a) At the first...
Section 273.106. Vacancy - Sec. 273.106. VACANCY. (a) The office of a director becomes...
Section 273.107. Removal of Board Member - Sec. 273.107. REMOVAL OF BOARD MEMBER. The board may remove...
Section 273.108. Conflict of Interest - Sec. 273.108. CONFLICT OF INTEREST. A director may not vote...
Section 273.109. Compensation; Reimbursement for Expenses - Sec. 273.109. COMPENSATION; REIMBURSEMENT FOR EXPENSES. A director may not...
Section 273.110. Meetings - Sec. 273.110. MEETINGS. (a) A regular meeting of the board...
Section 273.111. Quorum; Voting - Sec. 273.111. QUORUM; VOTING. (a) A quorum of the board...
Subchapter C. Operation of Corporation
Section 273.201. Plan of Operation; Amendment - Sec. 273.201. PLAN OF OPERATION; AMENDMENT. (a) After the directors...
Section 273.202. Temporary Plan of Operation - Sec. 273.202. TEMPORARY PLAN OF OPERATION. (a) The commissioner shall...
Section 273.203. Powers of Corporation - Sec. 273.203. POWERS OF CORPORATION. The corporation may, consistent with...
Section 273.204. Conditions Under Which Corporation May Exercise Powers and Duties - Sec. 273.204. CONDITIONS UNDER WHICH CORPORATION MAY EXERCISE POWERS AND...
Section 273.205. Consideration for Assistance - Sec. 273.205. CONSIDERATION FOR ASSISTANCE. In consideration for assistance provided...
Section 273.206. Cancellation of Membership - Sec. 273.206. CANCELLATION OF MEMBERSHIP. The board may cancel the...
Section 273.207. Redemption of Securities - Sec. 273.207. REDEMPTION OF SECURITIES. (a) A member association that...
Section 273.208. Immunity From Liability - Sec. 273.208. IMMUNITY FROM LIABILITY. The following persons are not...
Section 273.209. Limitation on Advertisement and Promotion - Sec. 273.209. LIMITATION ON ADVERTISEMENT AND PROMOTION. A member association...
Section 273.210. Dissolution - Sec. 273.210. DISSOLUTION. (a) The corporation may be dissolved on:...
Section 273.211. Effect of Dissolution - Sec. 273.211. EFFECT OF DISSOLUTION. (a) On dissolution, money in...
Subchapter D. Primary and Administrative Accounts; Issuance of Securities
Section 273.301. Required Purchase of Securities - Sec. 273.301. REQUIRED PURCHASE OF SECURITIES. (a) The corporation, acting...
Section 273.302. Amount of Security Purchase - Sec. 273.302. AMOUNT OF SECURITY PURCHASE. The aggregate amount of...
Section 273.303. Primary Account - Sec. 273.303. PRIMARY ACCOUNT. (a) Money from the sale of...
Section 273.304. Administrative Account - Sec. 273.304. ADMINISTRATIVE ACCOUNT. The corporation shall establish an administrative...
Section 273.305. Authorized Expenditures - Sec. 273.305. AUTHORIZED EXPENDITURES. (a) The corporation may spend money...
Section 273.306. Form and Terms of Security Issue - Sec. 273.306. FORM AND TERMS OF SECURITY ISSUE. The board...
Section 273.307. Allocation of Security Issue - Sec. 273.307. ALLOCATION OF SECURITY ISSUE. The corporation shall allocate...
Section 273.308. Limitation on Issuance of Securities - Sec. 273.308. LIMITATION ON ISSUANCE OF SECURITIES. When the balance...
Subchapter E. Assistance Provided to Member Associations Under Conservatorship
Section 273.401. General Assistance - Sec. 273.401. GENERAL ASSISTANCE. On the commissioner's request and under...
Section 273.402. Assistance in Transferring or Disposing of Property - Sec. 273.402. ASSISTANCE IN TRANSFERRING OR DISPOSING OF PROPERTY. The...
Section 273.403. Advance of Money - Sec. 273.403. ADVANCE OF MONEY. (a) The corporation shall advance...
Section 273.404. Purchase of Interest in Assets - Sec. 273.404. PURCHASE OF INTEREST IN ASSETS. (a) The corporation...
Section 273.405. Procedure for Merger, Sale of Control Of, or Sale of Assets - Sec. 273.405. PROCEDURE FOR MERGER, SALE OF CONTROL OF, OR...
Subchapter F. Administrative Provisions
Section 273.501. Annual Financial Statement - Sec. 273.501. ANNUAL FINANCIAL STATEMENT. (a) Not later than April...
Section 273.502. Effect of Membership - Sec. 273.502. EFFECT OF MEMBERSHIP. In regulating a savings and...
Section 273.503. Amount to Be Spent Before Certification of Insolvency of Member Association - Sec. 273.503. AMOUNT TO BE SPENT BEFORE CERTIFICATION OF INSOLVENCY...
Section 273.504. Fee and Tax Exemption - Sec. 273.504. FEE AND TAX EXEMPTION. The corporation is exempt...