Tex. Fin. Code § 122.103 · Subchapter C. OPERATIONS AND FINANCES
EQUITY CAPITAL.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A credit union's equity capital consists of:
(1) retained earnings;
(2) appropriated retained earnings, including net worth and other reserves;
(3) undivided earnings; and
(4) other forms of capital in accordance with generally accepted accounting principles and approved by the commissioner.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 533, Sec. 23, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.122.htm
- Text hash
- sha256 3fd0c8aa83cb4c77b771cadd740e68a4e4f59c04913f08aead29259145f29dc3
- 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.