{"data":{"id":"us-tx/tex.-finance-code-94.251","jurisdiction":"us-tx","citation":"Tex. Finance Code § 94.251","heading":"LIMITATIONS ON INVESTMENT IN EQUITY SECURITIES.","body":"(a) A savings bank or a subsidiary may not invest in an equity security unless the security qualifies as an investment grade security under rules adopted by the finance commission.\n(b) A savings bank may not invest in an equity security unless the security is an eligible investment for a federal savings and loan association.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 56, eff. Sept. 1, 2001.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 94. LOANS AND INVESTMENTS","SUBCHAPTER F. INVESTMENT IN EQUITY SECURITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.94.htm#94.251","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"4f5e57500a8d9a0bd2252e4beeb220a8638ca1786230d888d2a223914115e231","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-94.154","next":"us-tx/tex.-finance-code-94.252"},"notice":"GroundRules: Original legal text. Not legal advice."}