Texas § FI.273.404 - PURCHASE OF INTEREST IN ASSETS

Full text of Texas The Texas Constitution § FI.273.404 — PURCHASE OF INTEREST IN ASSETS, with citation guidance and answers to common questions.

§ FI.273.404. PURCHASE OF INTEREST IN ASSETS

PURCHASE OF INTEREST IN ASSETS. (a) The corporation shall purchase from a member association under conservatorship an interest in the association's assets at a price agreed to by the conservator and the board, regardless of whether the price exceeds the market value of the purchased assets. (b) A purchase must be made on the terms the board determines. The commissioner must approve the terms of the purchase in writing. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § FI.273.404

What does The Texas Constitution § FI.273.404 cover?

Section FI.273.404 ("PURCHASE OF INTEREST IN 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.273.404?

A common citation format is "The Texas Constitution § FI.273.404" (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.273.404 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.