The commissioner must spend the amount prescribed by Section 273.201(a)(7) before certifying a member association to be insolvent.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 3 › Chapter 273 › Subchapter F
Texas Finance Code § 273.503
Amount to Be Spent Before Certification of Insolvency of Member Association
Savings and Loan Supplemental Fund Act · Administrative Provisions
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.