Texas Statutes
§ 273.211 — EFFECT OF DISSOLUTION.
Texas § 273.211
JurisdictionTexas
Code FIFinance Code
This text of Texas § 273.211 (EFFECT OF 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. § 273.211 (2026).
Text
Sec. 273.211. 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.
SUBCHAPTER D. PRIMARY AND ADMINISTRATIVE ACCOUNTS; ISSUANCE OF SECURITIES
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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 § 273.211, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/273.211.