Texas Finance Code 94.303 – Regulation and Examination of Subsidiary
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(a) The commissioner may regulate and examine a subsidiary corporation in which a savings bank invests under Section 94.301.
(b) The subsidiary corporation shall pay the cost of the regulation and examination.
Terms Used In Texas Finance Code 94.303
- 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.