Tex. Fin. Code § 33.211

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 33.211 - Application of Other Provisions to Limited Banking Associations

For purposes of the provisions of Subtitle A and this subtitle other than this subchapter, as the context requires:

(1) a manager is considered to be a director and the board of managers is considered to be the board of directors;

(2) a participant is considered to be a shareholder;

(3) a participation share is considered to be a share; and

(4) a distribution is considered to be a dividend.

Tex. Fin. Code § 33.211

Amended By Acts 2007, 80th Leg., R.S., Ch. 237, Sec. 35, eff. 9/1/2007.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.