Tex. Finance Code § 92.608
This is the official text of Tex. Finance Code § 92.608, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 92.608. ALLOCATION OF PROFITS AND LOSSES.
Official statutory text
The profits and losses of a limited savings bank may be allocated among the members and among classes of members as provided by the company agreement. Without the prior written approval of the commissioner to use a different allocation method, the profits and losses must be allocated according to the relative interests of the members in the limited savings bank.
Status: in_force · Read it on the official government site
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