Tex. Fin. Code 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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 35, eff. September 1, 2007.

Source: Section 33.211 — Application of Other Provisions to Limited Banking Associations, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­33.­htm#33.­211 (accessed May 18, 2024).

Accessed:
May 18, 2024

§ 33.211’s source at texas​.gov