Sec. 54.007. INVESTMENT OF CAPITAL. At all times, a corporation formed under this chapter shall have $10,000 or more of its capital invested in securities approved by law for investment by savings banks.
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