{"data":{"id":"us-tx/tex.-finance-code-273.211","jurisdiction":"us-tx","citation":"Tex. Finance Code § 273.211","heading":"EFFECT OF DISSOLUTION.","body":"(a) On dissolution, money in the primary account shall be used to redeem all securities issued by the corporation and held by a member association. If money in the primary account is insufficient to redeem the securities, the administrative account may be used.\n(b) On dissolution, the earnings of the corporation accrue to this state and may not be distributed to any other person.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES","CHAPTER 273. SAVINGS AND LOAN SUPPLEMENTAL FUND ACT","SUBCHAPTER C. OPERATION OF CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.273.htm#273.211","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"5800bc1749a5299c2f520719fbf7f1b02010f4f441fdc1ded9dfe8cc4885a519","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-273.210","next":"us-tx/tex.-finance-code-273.301"},"notice":"GroundRules: Original legal text. Not legal advice."}