Tex. Finance Code § 94.251
This is the official text of Tex. Finance Code § 94.251, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 94.251. LIMITATIONS ON INVESTMENT IN EQUITY SECURITIES.
Official statutory text
(a) A savings bank or a subsidiary may not invest in an equity security unless the security qualifies as an investment grade security under rules adopted by the finance commission.
(b) A savings bank may not invest in an equity security unless the security is an eligible investment for a federal savings and loan association.
(b) A savings bank may not invest in an equity security unless the security is an eligible investment for a federal savings and loan association.
Status: in_force · Read it on the official government site
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