Texas § 273.210 DISSOLUTION.

Texas Statutes

§ 273.210 — DISSOLUTION.

Texas § 273.210

Code FIFinance Code

This text of Texas § 273.210 (DISSOLUTION.) 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. § 273.210 (2026).

Text

Sec. 273.210. DISSOLUTION.

(a)The corporation may be dissolved on:

(1)approval of the commissioner;

(2)unanimous approval of the board; and

(3)approval of two-thirds of the member associations.

(b)The corporation may be dissolved if member associations are required to contribute to any fund similar to the corporation's primary account, other than a fund in which member associations pay premiums to the Federal Deposit Insurance Corporation for insurance of accounts.

(c)The commissioner and the board shall establish procedures for dissolution.

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Sec. 273.210. DISSOLUTION. (a) The corporation may be dissolved on:
(1) approval of the commissioner;
(2) unanimous approval of the board; and
(3) approval of two-thirds of the member associations.
(b) The corporation may be dissolved if member associations are required to contribute to any fund similar to the corporation's primary account, other than a fund in which member associations pay premiums to the Federal Deposit Insurance Corporation for insurance of accounts.
(c) The commissioner and the board shall establish procedures for dissolution.