Sec. 92.207. LIMITATION ON ISSUANCE OF SECURITIES. A savings bank may issue a form of stock, share, account, or investment certificate only as authorized by this subtitle or as permitted for a national bank, federal savings and loan association, federal savings bank, or state bank.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.08, eff. September 1, 2005.
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