A security of the corporation held by a member association is considered an authorized investment of a savings and loan association under state law.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 3 › Chapter 273 › Subchapter A
Texas Finance Code § 273.005
Security of Corporation Considered Authorized Investment of Savings and Loan Association
Savings and Loan Supplemental Fund Act · General Provisions
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.