Tex. Fin. Code § 273.210 · Subchapter C. OPERATION OF CORPORATION
DISSOLUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The corporation may be dissolved on:
(1) approval of the commissioner;
(2) unanimous approval of the board; and
(3) approval of two-thirds of the member associations.
(b) The corporation may be dissolved if member associations are required to contribute to any fund similar to the corporation's primary account, other than a fund in which member associations pay premiums to the Federal Deposit Insurance Corporation for insurance of accounts.
(c) The commissioner and the board shall establish procedures for dissolution.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.273.htm
- Text hash
- sha256 12383900bce4b34bbec680344d10211e63eae19f6ff4801a8f4baf4ddd58fb07
- 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.