Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES |
Chapter 275. TEXAS MUTUAL TRUST INVESTMENT COMPANY ACT |
Subchapter D. MUTUAL TRUST INVESTMENT COMPANY STOCK |
Sec. 275.154. OWNERSHIP BY MUTUAL TRUST INVESTMENT COMPANY
Latest version.
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A mutual trust investment company may acquire its own stock and shall bind itself, by contract or its bylaws, to acquire its own stock, but may not vote on shares of its own stock.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. Sept. 1, 1999.