Texas § 273.404 PURCHASE OF INTEREST IN ASSETS.

Texas Statutes

§ 273.404 — PURCHASE OF INTEREST IN ASSETS.

Texas § 273.404

Code FIFinance Code

This text of Texas § 273.404 (PURCHASE OF INTEREST IN ASSETS.) 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. § 273.404 (2026).

Text

Sec. 273.404. 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.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 273.404. 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.