Texas Finance Code

§ 94.252 — INAPPLICABILITY OF LIMITATIONS

FI § 94.252Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 94. LOANS AND INVESTMENTS · Art. F. INVESTMENT IN EQUITY SECURITIES

Statute text

View on source

The limitations under Section 94.251 do not apply to an equity security issued by:

(1)a United States government-sponsored corporation, including the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Student Loan Marketing Association; or

(2)a service corporation, an operating subsidiary, or a finance subsidiary of the savings bank.

Legislative history

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