Texas § 33.206 INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST.

Texas Statutes

§ 33.206 — INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST.

Texas § 33.206

Code FIFinance Code

This text of Texas § 33.206 (INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST.) 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. § 33.206 (2026).

Text

Sec. 33.206. INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST.

(a)The interest of a participant in a limited banking association is the personal property of the participant and may be transferred as provided by the bylaws or the participation agreement.

(b)The bylaws or the participation agreement may not require the consent of any other participant in order for a participant to transfer participation shares, including voting rights.

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Sec. 33.206. INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST. (a) The interest of a participant in a limited banking association is the personal property of the participant and may be transferred as provided by the bylaws or the participation agreement.
(b) The bylaws or the participation agreement may not require the consent of any other participant in order for a participant to transfer participation shares, including voting rights.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962 ), Sec. 33, eff. September 1, 2007.