Tex. Fin. Code § 273.205

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

Section 273.205 - Consideration for Assistance

In consideration for assistance provided to a member association under this chapter, the corporation shall receive:

(1) an equity interest in the association; or

(2) other compensation acceptable to the board from the association or another corporate entity that is a party to the transaction in which the assistance is rendered.

Tex. Fin. Code § 273.205

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