Texas Finance Code - Section 92.205. Computation Of Income
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Texas Lawyer > Finance Code > Texas Finance Code - Section 92.205. Computation Of Income
§ 92.205. COMPUTATION OF INCOME. (a) A savings bank
shall close its books at the times provided by its bylaws to
determine its gross income for the period since the date of the last
closing of its books.
(b) A savings bank's net income for a period is computed by
subtracting the amount of the savings bank's operating expenses for
the period from the savings bank's gross income for the period.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 92.156 92.157 92.158 92.201 92.202 92.203 92.204 92.205 92.206 92.207 92.208 92.209 92.210 92.211 92.212
Last modified: August 10, 2007
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