Tex. Fin. Code § 182.105 · Subchapter B. AMENDMENT OF CERTIFICATE; CHANGES IN CAPITAL AND SURPLUS
BOARD DESIGNATION OF CERTIFIED SURPLUS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Periodically the board may vote to designate and record in its minutes the amount of certified surplus. Except to absorb losses in excess of undivided profits and uncertified surplus, certified surplus may not be reduced without the prior written approval of the banking commissioner.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.182.htm
- Text hash
- sha256 522f7ba1e91405927b18a4df55ad782c647807ec8026ecfa655dbd5bc2f72659
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 182.105. Each shows the citation as that text prints it.
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.