Sec. 273.307. ALLOCATION OF SECURITY ISSUE. The corporation shall allocate each security issue under Section 273.301 ratably among the member associations based on the ratio of each association's total assets on December 31 of the year preceding the date on which the securities are purchased to the total assets of all member associations on that date.
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 D. Primary and Administrative Accounts; Issuance of Securities
Section 273.301. Required Purchase of Securities
Section 273.302. Amount of Security Purchase
Section 273.303. Primary Account
Section 273.304. Administrative Account
Section 273.305. Authorized Expenditures
Section 273.306. Form and Terms of Security Issue