Texas Statutes
§ 273.203 — POWERS OF CORPORATION.
Texas § 273.203
JurisdictionTexas
Code FIFinance Code
This text of Texas § 273.203 (POWERS OF CORPORATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 273.203 (2026).
Text
Sec. 273.203. POWERS OF CORPORATION. The corporation may, consistent with the purposes of this chapter, exercise the powers of a nonprofit corporation created under the laws of this state, including the power to:
(1)enter into a contract;
(2)sue and be sued;
(3)purchase, hold, lease, receive, use, encumber, transfer, lend, advance, or otherwise dispose of money or other property of any kind, or of any interest in money or other property;
(4)take the capital stock and assets of a borrowing member association as collateral securing any loan it makes to that association;
(5)hold or dispose of in any manner any collateral described by Subdivision (4) acquired as a result of default in the payment of a loan;
(6)declare and pay a dividend or interest on a security issued under this chapter
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 273.001
SHORT TITLE.§ 273.002
PURPOSES; LIBERAL CONSTRUCTION.§ 273.003
DEFINITIONS.§ 273.004
EXEMPTION FROM SECURITIES ACT.§ 273.102
BOARD OF DIRECTORS.§ 273.103
EXECUTIVE COMMITTEE.§ 273.104
TERM.§ 273.105
BOARD OFFICERS AND PERSONNEL.§ 273.106
VACANCY.§ 273.107
REMOVAL OF BOARD MEMBER.§ 273.108
CONFLICT OF INTEREST.§ 273.110
MEETINGS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 273.203, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/273.203.