Texas Finance Code

§ 94.303 — REGULATION AND EXAMINATION OF SUBSIDIARY

FI § 94.303Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 94. LOANS AND INVESTMENTS · Art. G. INVESTMENT IN SUBSIDIARIES

Statute text

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(a)The commissioner may regulate and examine a subsidiary corporation in which a savings bank invests under Section 94.301.

(b)The subsidiary corporation shall pay the cost of the regulation and examination.

Legislative history

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