Finance Code § 33.209
A limited banking association may allocate profits and losses under its participation agreement, but without prior written approval from the banking commissioner it must use the participants’ relative interests reflected in filed and approved formation documents.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
loss allocation partnership/participant agreements profit allocation
Statute overview
About this statute
This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.
Ask AI about this statute
Finance Code § 33.209
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign inLexChat organizes source-backed legal information for research. Verify amendments, commencement, and current legal force with the official publisher before relying on it.