Tex. Finance Code § 92.205
This is the official text of Tex. Finance Code § 92.205, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 92.205. COMPUTATION OF INCOME.
Official statutory text
(a) A savings bank shall close its books at the times provided by its bylaws to determine its gross income for the period since the date of the last closing of its books.
(b) A savings bank's net income for a period is computed by subtracting the amount of the savings bank's operating expenses for the period from the savings bank's gross income for the period.
(b) A savings bank's net income for a period is computed by subtracting the amount of the savings bank's operating expenses for the period from the savings bank's gross income for the period.
Status: in_force · Read it on the official government site
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