Tex. Rev. Civ. Stat. art. 1524f · Chapter 17. TRUST COMPANIES AND INVESTMENTS
RATE OF RETURN RESTRICTED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The governing body fixing the rate of return for a corporation organized under the provisions of Section 1 of this Act shall not fix such rates of return to yield a net amount in excess of eight (8%) per cent upon the invested capital of such corporation.
Notes and commentary — not statutory text
History
Acts 1932, 42nd Leg., 3rd C.S., p. 107, ch. 42, Sec. 5.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/CV/htm/CV.32.17.htm
- Text hash
- sha256 136477c8f900eeaf107aee49be7cb0280e37486407b9fb43dda6fd3981e0efe9
- 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.