Finance Code § 273.207
A member association that loses or gives up membership may redeem corporation securities it holds. The corporation may delay redemption for up to three years, must keep paying required interest or dividends until redemption, and may start a redemption plan when one account balance exceeds another by 20 percent.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
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membership withdrawal security redemption
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Finance Code § 273.207
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