Tex. Fin. Code § 275.154

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 275.154 - Ownership By Mutual Trust Investment Company

A mutual trust investment company may acquire its own stock and shall bind itself, by contract or its bylaws, to acquire its own stock, but may not vote on shares of its own stock.

Tex. Fin. Code § 275.154

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. 9/1/1999.