{"data":{"id":"us-tx/tex.-finance-code-273.404","jurisdiction":"us-tx","citation":"Tex. Finance Code § 273.404","heading":"PURCHASE OF INTEREST IN ASSETS.","body":"(a) The corporation shall purchase from a member association under conservatorship an interest in the association's assets at a price agreed to by the conservator and the board, regardless of whether the price exceeds the market value of the purchased assets.\n(b) A purchase must be made on the terms the board determines. The commissioner must approve the terms of the purchase in writing.\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 E. ASSISTANCE PROVIDED TO MEMBER ASSOCIATIONS UNDER CONSERVATORSHIP"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.273.htm#273.404","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"4dd29dbc3582b58dc2b485b0299dc26813090b09c80d7e75341be87ed7267e13","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-273.403","next":"us-tx/tex.-finance-code-273.405"},"notice":"GroundRules: Original legal text. Not legal advice."}