{"data":{"id":"us-tx/tex.-finance-code-33.206","jurisdiction":"us-tx","citation":"Tex. Finance Code § 33.206","heading":"INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST.","body":"(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.\n(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.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 33, eff. September 1, 2007.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE A. BANKS","CHAPTER 33. OWNERSHIP AND MANAGEMENT OF STATE BANK","SUBCHAPTER C. LIMITED BANKING ASSOCIATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.33.htm#33.206","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"81673ab2c20afefeb92c6b4210d44565b072e4fdfc9336f83bb1b22327479394","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-33.204","next":"us-tx/tex.-finance-code-33.208"},"notice":"GroundRules: Original legal text. Not legal advice."}