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Tex. Finance Code § 92.608

ALLOCATION OF PROFITS AND LOSSES

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 92.608, ALLOCATION OF PROFITS AND LOSSES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645669
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The profits and losses of a limited savings bank may be allocated among the members and among classes of members as provided by the company agreement. Without the prior written approval of the commissioner to use a different allocation method, the profits and losses must be allocated according to the relative interests of the members in the limited savings bank.