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Texas Finance Code - FIN § 33.211. Application of other Provisions to Limited Banking Associations

Current as of January 01, 2024 | Updated by Findlaw Staff

For purposes of the provisions of Subtitle A and this subtitle other than this subchapter, as the context requires:

(1) a manager is considered to be a director and the board of managers is considered to be the board of directors;

(2) a participant is considered to be a shareholder;

(3) a participation share is considered to be a share; and

(4) a distribution is considered to be a dividend.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 33.211. Application of other Provisions to Limited Banking Associations - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-33-211/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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