{"data":{"id":"us-tx/tex.-finance-code-33.211","jurisdiction":"us-tx","citation":"Tex. Finance Code § 33.211","heading":"APPLICATION OF OTHER PROVISIONS TO LIMITED BANKING ASSOCIATIONS.","body":"For purposes of the provisions of Subtitle A and this subtitle other than this subchapter, as the context requires:\n(1) a manager is considered to be a director and the board of managers is considered to be the board of directors;\n(2) a participant is considered to be a shareholder;\n(3) a participation share is considered to be a share; and\n(4) a distribution is considered to be a dividend.\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. 35, 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#33.211","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"1871fad7a260d4a8dabb8f40c4fed59c3fbceea94dc87e4af160bca2392f6050","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-33.210","next":"us-tx/tex.-finance-code-34.001"},"notice":"GroundRules: Original legal text. Not legal advice."}