Finance Code › Title 3 › Chapter 273 › Subchapter D

Texas Finance Code § 273.308

Limitation on Issuance of Securities

Savings and Loan Supplemental Fund Act · Primary and Administrative Accounts; Issuance of Securities

When the balance of the administrative account reaches the greater of $50 million or five percent of the balance of the primary account, the corporation shall stop issuing securities until the balance of the administrative account is less than $50 million or five percent of the balance of the primary account, as appropriate.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.