Tex. Fin. Code Section 273.403
Advance of Money


(a)

The corporation shall advance money on terms the board may establish to directly aid or to provide special services for a member association under conservatorship so the association may continue to operate and maintain solvency.

(b)

The corporation may charge interest on the money it advances under this section.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 273.403 — Advance of Money, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­273.­htm#273.­403 (accessed May 18, 2024).

273.001
Short Title
273.002
Purposes
273.003
Definitions
273.004
Exemption from Securities Act
273.005
Security of Corporation Considered Authorized Investment of Savings and Loan Association
273.101
Creation of and Membership in Corporation
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
273.109
Compensation
273.110
Meetings
273.111
Quorum
273.201
Plan of Operation
273.202
Temporary Plan of Operation
273.203
Powers of Corporation
273.204
Conditions Under Which Corporation May Exercise Powers and Duties
273.205
Consideration for Assistance
273.206
Cancellation of Membership
273.207
Redemption of Securities
273.208
Immunity from Liability
273.209
Limitation on Advertisement and Promotion
273.210
Dissolution
273.211
Effect of Dissolution
273.301
Required Purchase of Securities
273.302
Amount of Security Purchase
273.303
Primary Account
273.304
Administrative Account
273.305
Authorized Expenditures
273.306
Form and Terms of Security Issue
273.307
Allocation of Security Issue
273.308
Limitation on Issuance of Securities
273.401
General Assistance
273.402
Assistance in Transferring or Disposing of Property
273.403
Advance of Money
273.404
Purchase of Interest in Assets
273.405
Procedure for Merger, Sale of Control Of, or Sale of Assets
273.501
Annual Financial Statement
273.502
Effect of Membership
273.503
Amount to Be Spent Before Certification of Insolvency of Member Association
273.504
Fee and Tax Exemption

Accessed:
May 18, 2024

§ 273.403’s source at texas​.gov