Texas Finance Code 273.005 – Security of Corporation Considered Authorized Investment of Savings and Loan Association
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Finance Code 273.005
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A security of the corporation held by a member association is considered an authorized investment of a savings and loan association under state law.