Texas § FI.92.609 - DISTRIBUTIONS
Full text of Texas The Texas Constitution § FI.92.609 — DISTRIBUTIONS, with citation guidance and answers to common questions.
§ FI.92.609. DISTRIBUTIONS
DISTRIBUTIONS. Subject to rules adopted by the finance commission, distributions of cash or other assets of a limited savings bank may be made to the members as provided by the company agreement. Without the prior written approval of the commissioner to use a different distribution method, distributions must be made to the members according to the relative interests of the members as reflected in the governing documents of the limited savings bank filed with and approved by the commissioner. Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955 ), Sec. 5.15, eff. September 1, 2005.
Frequently Asked Questions About Texas § FI.92.609
What does The Texas Constitution § FI.92.609 cover?
Section FI.92.609 ("DISTRIBUTIONS") 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.92.609?
A common citation format is "The Texas Constitution § FI.92.609" (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.92.609 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.