An association may own real property on which a facility used in connection with the operation of the association is located.
Tex. Fin. Code § 64.101
REAL PROPERTY ON WHICH ASSOCIATION FACILITY IS LOCATED
Known as the Texas Savings and Loan Act
The act spans §§ 61–89 (217 sections).
Acts 1997, 75th Leg., ch. 1008, 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.