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Tex. Loc. Gov't Code § 394.038

ACQUISITION OF SHARES OR OBLIGATIONS

Known as the Texas Housing Finance Corporations Act

The act spans §§ 394.001 to 394.907 (48 sections).

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff

A housing finance corporation may purchase, receive, subscribe for, or otherwise acquire, own, hold, vote, use, employ, mortgage, lend, pledge, sell, or otherwise dispose of, and otherwise use and deal in and with:

(1) shares and other interests in or obligations of other domestic or foreign corporations, whether profit or nonprofit, associations, partnerships, or individuals; or

(2) direct or indirect obligations of the United States or of any other government, state, political subdivision of a state, territory, government district, or any instrumentality of such a governmental entity.

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