Tex. Finance Code § 94.302
This is the official text of Tex. Finance Code § 94.302, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 94.302. LIMITATION ON INVESTMENT IN SUBSIDIARIES.
Official statutory text
(a) A savings bank may not invest in a subsidiary corporation if the investment would cause the savings bank's aggregate investments in subsidiaries to exceed an amount equal to 10 percent of the savings bank's total assets.
(b) For the purposes of Subsection (a), a savings bank's aggregate investment in subsidiaries does not include amounts invested in a subsidiary corporation the activities of which are limited to activities that could be conducted directly by the parent savings bank.
(b) For the purposes of Subsection (a), a savings bank's aggregate investment in subsidiaries does not include amounts invested in a subsidiary corporation the activities of which are limited to activities that could be conducted directly by the parent savings bank.
Status: in_force · Read it on the official government site
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