Sec. 92.205. COMPUTATION OF INCOME. (a) A savings bank shall close its books at the times provided by its bylaws to determine its gross income for the period since the date of the last closing of its books.
(b) A savings bank's net income for a period is computed by subtracting the amount of the savings bank's operating expenses for the period from the savings bank's gross income for the period.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 92 - Organizational and Financial Requirements
Subchapter E. Operations and Finances
Section 92.201. Books and Records
Section 92.203. Regulatory Capital
Section 92.204. Qualified Thrift Lender Test
Section 92.205. Computation of Income
Section 92.206. Insurance of Deposit Accounts
Section 92.207. Limitation on Issuance of Securities
Section 92.209. Preferred Stock
Section 92.210. Series and Classes of Preferred Stock
Section 92.211. Dividends on Capital Stock
Section 92.212. Use of Surplus Accounts and Expense Fund Contributions