Sec. 54.006. INVESTMENT BY OTHER CORPORATIONS. After obtaining the approval of the banking commissioner, any corporation organized under the laws of this state other than a savings bank may invest any part of its money in the preferred stock of a corporation formed under this chapter.
Acts 1981, 67th Leg., p. 1120, ch. 388, Sec. 1, eff. Sept. 1, 1981.
Structure Texas Statutes
Title 4 - Agricultural Organizations
Chapter 54 - Mutual Loan Corporations
Section 54.004. Capital Stock Requirement for Incorporation
Section 54.006. Investment by Other Corporations
Section 54.007. Investment of Capital
Section 54.008. Ratio of Capital to Loans
Section 54.009. Loans and Discounts
Section 54.010. Liability of Shareholder