Tex. Rev. Civ. Stat. art. 842a-1 · Chapter 8. SINKING FUNDS--INVESTMENTS, ETC.
OBLIGATIONS WHOLLY OR PARTLY INSURED BY UNITED STATES OR STATE, INVESTMENT IN.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Savings and loan associations, banks, insurance companies, and other corporations or other organizations, similar or dissimilar, are hereby authorized to lend, and to buy and sell for their own account, obligations in which except as to value of property and dignity of lien thereon securing the obligation it is otherwise lawful for such investor to invest its own funds, (by direct loan or by purchase), if the entire amount of the indebtedness is insured or guaranteed in any manner by the United States or by this State; or, if not so wholly insured or guaranteed, the difference between the entire amount of the indebtedness and that portion thereof insured or guaranteed by the United States or by this State, does not exceed the amount permissible under the law of this State, and meets the requirements thereof as to value of property and dignity of lien thereon, provided; further authorizing that any such lender may make an unsecured loan not exceeding Five Hundred Dollars ($500), if at least one-half thereof is guaranteed pursuant to the Servicemen's Readjustment Act of 1944.
Notes and commentary — not statutory text
History
Acts 1945, 49th Leg., p. 315, ch. 230, Sec. 1.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/CV/htm/CV.22.8.htm
- Text hash
- sha256 a6f642046f9496a429ced75ee575b85801c51aac3511a71bd8e6ee9374ec9f31
- 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 2 provisions
Provisions in this library whose text cites Tex. Rev. Civ. Stat. art. 842a-1. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 424.074OTHER SPECIFICALLY AUTHORIZED INVESTMENTS.Printed as Article 842a-1, Vernon's Texas Civil Statutes
- Tex. Ins. Code § 425.212AUTHORIZED INVESTMENTS FOR ALL FUNDS: SECURITIES OR INVESTMENTS AUTHORIZED OR DESCRIBED BY SPECIFIC STATUTORY PROVISION.Printed as Article 842a-1, Vernon's Texas Civil Statutes
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.