Texas Finance Code
§ 275.154 — OWNERSHIP BY MUTUAL TRUST INVESTMENT COMPANY
FI § 275.154Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES · Ch. 275. TEXAS MUTUAL TRUST INVESTMENT COMPANY ACT · Art. D. MUTUAL TRUST INVESTMENT COMPANY STOCK
Statute text
View on sourceA 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.
Legislative history
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. Sept. 1, 1999.