Texas § 92.212 USE OF SURPLUS ACCOUNTS AND EXPENSE FUND CONTRIBUTIONS.

Texas Statutes

§ 92.212 — USE OF SURPLUS ACCOUNTS AND EXPENSE FUND CONTRIBUTIONS.

Texas § 92.212

Code FIFinance Code

This text of Texas § 92.212 (USE OF SURPLUS ACCOUNTS AND EXPENSE FUND CONTRIBUTIONS.) 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. § 92.212 (2026).

Text

Sec. 92.212. USE OF SURPLUS ACCOUNTS AND EXPENSE FUND CONTRIBUTIONS.

(a)At a savings bank's closing date, the savings bank may use all or part of a surplus account, whether earned or paid in, or expense fund contributions on its books to:

(1)meet expenses of operating the savings bank for the period just closed;

(2)make required transfers to loss reserves; or

(3)pay or credit earnings on deposit accounts.

(b)Paid-in surplus may be used instead of earnings to pay organizational and operating expenses and earnings on deposit accounts and to meet any loss reserve requirements.

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

Sec. 92.212. USE OF SURPLUS ACCOUNTS AND EXPENSE FUND CONTRIBUTIONS. (a) At a savings bank's closing date, the savings bank may use all or part of a surplus account, whether earned or paid in, or expense fund contributions on its books to:
(1) meet expenses of operating the savings bank for the period just closed;
(2) make required transfers to loss reserves; or
(3) pay or credit earnings on deposit accounts.
(b) Paid-in surplus may be used instead of earnings to pay organizational and operating expenses and earnings on deposit accounts and to meet any loss reserve requirements.