Tex. Fin. Code § 33.206 · Subchapter C. LIMITED BANKING ASSOCIATION
INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The interest of a participant in a limited banking association is the personal property of the participant and may be transferred as provided by the bylaws or the participation agreement.
(b) The bylaws or the participation agreement may not require the consent of any other participant in order for a participant to transfer participation shares, including voting rights.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 33, eff. September 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.33.htm
- Text hash
- sha256 5f60fcf56092c7ec3b248a3383d08e0b5ae9965bbc55f857db8737d12e8f71f7
- 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.