Tex. Agric. Code § 54.007 · Chapter 54. MUTUAL LOAN CORPORATIONS
INVESTMENT OF CAPITAL.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1120, ch. 388, Sec. 1, eff. Sept. 1, 1981.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/AG/htm/AG.54.htm
- Text hash
- sha256 f7c091eedaf19e61c0d594ff8ff6f70d51e9eb891c71c82369bed8f85e0fde0f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.