Texas § FI.351.011 - VERIFICATION OF NET ASSETS
Full text of Texas The Texas Constitution § FI.351.011 — VERIFICATION OF NET ASSETS, with citation guidance and answers to common questions.
§ FI.351.011. VERIFICATION OF NET ASSETS
VERIFICATION OF NET ASSETS. If the commissioner questions the amount of a property tax lender's net assets, the commissioner may require certification by an independent certified public accountant that: (1) the accountant has reviewed the property tax lender's books, other records, and transactions during the reporting year; (2) the books and other records are maintained using generally accepted accounting principles; and (3) the property tax lender meets the net assets requirement of Section 351.153 . Added by Acts 2009, 81st Leg., R.S., Ch. 1382 (S.B. 1620 ), Sec. 2, eff. September 1, 2009.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.351.011
What does The Texas Constitution § FI.351.011 cover?
Section FI.351.011 ("VERIFICATION OF NET ASSETS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.351.011?
A common citation format is "The Texas Constitution § FI.351.011" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.351.011 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.