Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 33.206: INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE A. BANKS
CHAPTER 33. OWNERSHIP AND MANAGEMENT OF STATE BANK
SUBCHAPTER C. LIMITED BANKING ASSOCIATION

(a) The interest of a participant in a limited banking association is the personal property of the participant and may be transferred as provided by the bylaws or the participation agreement.

(b) The bylaws or the participation agreement may not require the consent of any other participant in order for a participant to transfer participation shares, including voting rights.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Amended by:

Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 33, eff. September 1, 2007.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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