Texas Finance Code 273.003 – Definitions
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Terms Used In Texas Finance Code 273.003
- 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.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
In this chapter:
(1) “Board” means the board of directors of the corporation.
(2) “Commissioner” means the savings and mortgage lending commissioner.
(3) “Corporation” means the Texas Savings and Loan Supplemental Fund Corporation.
(4) “Domestic association” means a savings and loan association that is organized under the laws of this state.
(5) “Member association” means a domestic association that is a member in good standing of the corporation.
(6) “Member association under conservatorship” means a member association that is subject to a conservatorship order of the commissioner.