Tex. Fin. Code § 275.154 · Subchapter D. MUTUAL TRUST INVESTMENT COMPANY STOCK
OWNERSHIP BY MUTUAL TRUST INVESTMENT COMPANY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A mutual trust investment company may acquire its own stock and shall bind itself, by contract or its bylaws, to acquire its own stock, but may not vote on shares of its own stock.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(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.275.htm
- Text hash
- sha256 fe713b6c16f6ebfe144b17558eff6932feba5ef0256830257f1b554ebb957148
- 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.