Texas § FI.273.211 - EFFECT OF DISSOLUTION
Full text of Texas The Texas Constitution § FI.273.211 — EFFECT OF DISSOLUTION, with citation guidance and answers to common questions.
§ FI.273.211. EFFECT OF DISSOLUTION
EFFECT OF DISSOLUTION. (a) On dissolution, money in the primary account shall be used to redeem all securities issued by the corporation and held by a member association. If money in the primary account is insufficient to redeem the securities, the administrative account may be used. (b) On dissolution, the earnings of the corporation accrue to this state and may not be distributed to any other person. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. SUBCHAPTER D. PRIMARY AND ADMINISTRATIVE ACCOUNTS; ISSUANCE OF SECURITIES
Frequently Asked Questions About Texas § FI.273.211
What does The Texas Constitution § FI.273.211 cover?
Section FI.273.211 ("EFFECT OF DISSOLUTION") 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.273.211?
A common citation format is "The Texas Constitution § FI.273.211" (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.273.211 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.