Tex. Finance Code § 92.212
USE OF SURPLUS ACCOUNTS AND EXPENSE FUND CONTRIBUTIONS
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 92.212, USE OF SURPLUS ACCOUNTS AND EXPENSE FUND CONTRIBUTIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645604
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Full text
(a) At a savings bank's closing date, the savings bank may use all or part of a surplus account, whether earned or paid in, or expense fund contributions on its books to:
(1) meet expenses of operating the savings bank for the period just closed;
(2) make required transfers to loss reserves; or
(3) pay or credit earnings on deposit accounts.
(b) Paid-in surplus may be used instead of earnings to pay organizational and operating expenses and earnings on deposit accounts and to meet any loss reserve requirements.