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Tex. Fin. Code § 273.002

PURPOSES; LIBERAL CONSTRUCTION

Known as the Texas Savings and Loan Supplemental Fund Act

The act spans §§ 273–273 (44 sections).

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

(a) The purposes of this chapter are to:

(1) establish a fund in this state to aid the commissioner in maintaining the solvency of associations that contribute to the fund; and

(2) safeguard the public interest and promote public confidence in domestic associations doing business in this state by making the fund available to the commissioner to be used to:

(A) protect and rehabilitate the assets of member associations; and

(B) maintain the solvency of member associations.

(b) This chapter shall be liberally construed to effect its purposes.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.