Tex. Fin. Code § 94.251 · Subchapter F. INVESTMENT IN EQUITY SECURITIES
LIMITATIONS ON INVESTMENT IN EQUITY SECURITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A savings bank or a subsidiary may not invest in an equity security unless the security qualifies as an investment grade security under rules adopted by the finance commission.
(b) A savings bank may not invest in an equity security unless the security is an eligible investment for a federal savings and loan association.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 56, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.94.htm
- Text hash
- sha256 4bb3b90fa0cf77bb4a114b55c98fa5c73555315efd00499ade53288402b1c4e3
- 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 § 94.251. 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.