Finance Code § 183.209
A limited trust association may allocate profits and losses under its participation agreement, but absent prior written approval from the banking commissioner for another method, it must allocate them based on participants’ relative interests.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
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governance documents loss allocation profit allocation
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Finance Code § 183.209
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