Sec. 273.403. ADVANCE OF MONEY. (a) The corporation shall advance money on terms the board may establish to directly aid or to provide special services for a member association under conservatorship so the association may continue to operate and maintain solvency.
(b) The corporation may charge interest on the money it advances under this section.
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 E. Assistance Provided to Member Associations Under Conservatorship
Section 273.401. General Assistance
Section 273.402. Assistance in Transferring or Disposing of Property
Section 273.403. Advance of Money
Section 273.404. Purchase of Interest in Assets
Section 273.405. Procedure for Merger, Sale of Control Of, or Sale of Assets