Limitation On Issuance of Securities

Tex. Finance Code § 62.154, under Organizational and Financial Requirements.

Tex. Finance Code § 62.154

Sec. 62.154. LIMITATION ON ISSUANCE OF SECURITIES. An association may issue a form of stock, share, account, or investment certificate only as authorized by this subtitle. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.