Texas Finance Code - Section 33.210. Distributions
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Texas Lawyer > Finance Code > Texas Finance Code - Section 33.210. Distributions
§ 33.210. DISTRIBUTIONS. Subject to Section 32.103,
distributions of cash or other assets of a limited banking
association may be made to the participants as provided by the
participation agreement. Without the prior written approval of the
banking commissioner to use a different distribution method,
distributions must be made to the participants according to the
relative interests of the participants as reflected in the articles
of association and related documents filed with and approved by the
banking commissioner.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 33.203 33.204 33.205 33.206 33.207 33.208 33.209 33.210 33.211 34.001 34.002 34.003 34.101 34.102 34.103
Last modified: August 10, 2007
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