Sec. 273.205. CONSIDERATION FOR ASSISTANCE. In consideration for assistance provided to a member association under this chapter, the corporation shall receive:
(1) an equity interest in the association; or
(2) other compensation acceptable to the board from the association or another corporate entity that is a party to the transaction in which the assistance is rendered.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses
Chapter 273 - Savings and Loan Supplemental Fund Act
Subchapter C. Operation of Corporation
Section 273.201. Plan of Operation; Amendment
Section 273.202. Temporary Plan of Operation
Section 273.203. Powers of Corporation
Section 273.204. Conditions Under Which Corporation May Exercise Powers and Duties
Section 273.205. Consideration for Assistance
Section 273.206. Cancellation of Membership
Section 273.207. Redemption of Securities
Section 273.208. Immunity From Liability