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    • Legislation USA
    • Texas Statutes
    • Finance Code
    • 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 273.206. Cancellation of Membership

    Texas Statutes
    Subchapter C. Operation of Corporation
    Section 273.206. Cancellation of Membership

    Sec. 273.206. CANCELLATION OF MEMBERSHIP. The board may cancel the membership of a member association that fails to purchase securities as required by Section 273.301 by the 10th banking day after the purchase date set by the board.
    Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

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    Structure Texas Statutes

    Texas Statutes

    Finance Code

    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

    Section 273.209. Limitation on Advertisement and Promotion

    Section 273.210. Dissolution

    Section 273.211. Effect of Dissolution

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