Texas § 33.211 APPLICATION OF OTHER PROVISIONS TO LIMITED BANKING ASSOCIATIONS.

Texas Statutes

§ 33.211 — APPLICATION OF OTHER PROVISIONS TO LIMITED BANKING ASSOCIATIONS.

Texas § 33.211

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 33.211 (2026).

Text

Sec. 33.211. APPLICATION OF OTHER PROVISIONS TO LIMITED BANKING ASSOCIATIONS. For purposes of the provisions of Subtitle A and this subtitle other than this subchapter, as the context requires:

(1)a manager is considered to be a director and the board of managers is considered to be the board of directors;

(2)a participant is considered to be a shareholder;

(3)a participation share is considered to be a share; and

(4)a distribution is considered to be a dividend.

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Sec. 33.211. APPLICATION OF OTHER PROVISIONS TO LIMITED BANKING ASSOCIATIONS. For purposes of the provisions of Subtitle A and this subtitle other than this subchapter, as the context requires:
(1) a manager is considered to be a director and the board of managers is considered to be the board of directors;
(2) a participant is considered to be a shareholder;
(3) a participation share is considered to be a share; and
(4) a distribution is considered to be a dividend.

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. 35, eff. September 1, 2007.