{"data":{"id":"us-tx/tex.-finance-code-273.303","jurisdiction":"us-tx","citation":"Tex. Finance Code § 273.303","heading":"PRIMARY ACCOUNT.","body":"(a) Money from the sale of the corporation's securities constitutes the primary account of the corporation.\n(b) Money in the primary account may be invested in:\n(1) a certificate of deposit or other interest-bearing account in a savings and loan association or commercial bank domiciled in this state; or\n(2) securities that:\n(A) will mature in not longer than five years;\n(B) are issued by the United States government, this state, or a municipality or other governmental entity of this state; and\n(C) are direct obligations of or secured by the full faith and credit of the issuer.\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 D. PRIMARY AND ADMINISTRATIVE ACCOUNTS; ISSUANCE OF SECURITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.273.htm#273.303","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"1d5ae204c4d4462c01155d88449d1f3802ea8e41d4f4c683efc2768e0c94b678","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-273.302","next":"us-tx/tex.-finance-code-273.304"},"notice":"GroundRules: Original legal text. Not legal advice."}