Tex. Finance Code § 273.002

This is the official text of Tex. Finance Code § 273.002, part of Texas’s Finance Code — regulates banks and other financial institutions.

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§ 273.002. PURPOSES; LIBERAL CONSTRUCTION.

Official statutory text

(a) The purposes of this chapter are to:

(1) establish a fund in this state to aid the commissioner in maintaining the solvency of associations that contribute to the fund; and

(2) safeguard the public interest and promote public confidence in domestic associations doing business in this state by making the fund available to the commissioner to be used to:

(A) protect and rehabilitate the assets of member associations; and

(B) maintain the solvency of member associations.

(b) This chapter shall be liberally construed to effect its purposes.

Status: in_force · Read it on the official government site

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