Texas § FI.122.104 - NET WORTH RESERVE ALLOCATIONS
Full text of Texas The Texas Constitution § FI.122.104 — NET WORTH RESERVE ALLOCATIONS, with citation guidance and answers to common questions.
§ FI.122.104. NET WORTH RESERVE ALLOCATIONS
NET WORTH RESERVE ALLOCATIONS. (a) The commission by rule shall require a credit union to contribute to and maintain net worth reserves necessary to protect the interests of its members. The rule may: (1) prescribe the purposes for which the net worth reserves may be used; and (2) authorize the commissioner to approve other uses. (b) The credit union's board may establish reserves in addition to the required net worth reserves. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 533, Sec. 24, eff. Sept. 1, 2003.
Frequently Asked Questions About Texas § FI.122.104
What does The Texas Constitution § FI.122.104 cover?
Section FI.122.104 ("NET WORTH RESERVE ALLOCATIONS") 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.122.104?
A common citation format is "The Texas Constitution § FI.122.104" (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.122.104 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.