Sec. 273.501. ANNUAL FINANCIAL STATEMENT. (a) Not later than April 1 of each year, the board shall submit to the commissioner an audited financial statement for the preceding calendar year, prepared in accordance with consistently applied generally accepted accounting principles.
(b) An independent certified public accountant must certify the financial statement.
(c) The commissioner may require additional necessary information.
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 F. Administrative Provisions
Section 273.501. Annual Financial Statement
Section 273.502. Effect of Membership
Section 273.503. Amount to Be Spent Before Certification of Insolvency of Member Association