After obtaining the approval of the banking commissioner, any corporation organized under the laws of this state other than a savings bank may invest any part of its money in the preferred stock of a corporation formed under this chapter.
Tex. Agric. Code § 54.006
INVESTMENT BY OTHER CORPORATIONS
Acts 1981, 67th Leg., p. 1120, ch. 388, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.