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Tex. Finance Code § 273.206

CANCELLATION OF MEMBERSHIP

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 273.206, CANCELLATION OF MEMBERSHIP, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646910
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The board may cancel the membership of a member association that fails to purchase securities as required by Section 273.301 by the 10th banking day after the purchase date set by the board.