Finance Code § 182.105
The board may periodically vote to designate and record the amount of certified surplus. Certified surplus generally may not be reduced without prior written approval from the banking commissioner, except to absorb losses in excess of undivided profits and uncertified surplus.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
capital reserves corporate governance
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Finance Code § 182.105
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