{"data":{"id":"us-tx/tex.-finance-code-92.608","jurisdiction":"us-tx","citation":"Tex. Finance Code § 92.608","heading":"ALLOCATION OF PROFITS AND LOSSES.","body":"The profits and losses of a limited savings bank may be allocated among the members and among classes of members as provided by the company agreement. Without the prior written approval of the commissioner to use a different allocation method, the profits and losses must be allocated according to the relative interests of the members in the limited savings bank.\nAdded by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.15, eff. September 1, 2005.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER M. LIMITED SAVINGS BANK"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm#92.608","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"983d89ca4ee3159a0abbc5cf50c704cdbe013e43e2a35f9c2bd80335704953cb","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-92.607","next":"us-tx/tex.-finance-code-92.609"},"notice":"GroundRules: Original legal text. Not legal advice."}