Finance Code § 183.210
A limited trust association may distribute cash or other assets to participants under the participation agreement, but unless the banking commissioner gives prior written approval for another method, distributions must follow the participants’ relative interests shown in filed and approved formation documents.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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banking commissioner approval distributions participation agreements
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Finance Code § 183.210
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