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Tex. Finance Code § 33.206

INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST

Texas · Texas Finance Code · Status: effective

Banking, Finance & Insurance
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Tex. Finance Code § 33.206, INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645101
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(a) The interest of a participant in a limited banking association is the personal property of the participant and may be transferred as provided by the bylaws or the participation agreement. (b) The bylaws or the participation agreement may not require the consent of any other participant in order for a participant to transfer participation shares, including voting rights.