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Tex. Finance Code § 273.308

LIMITATION ON ISSUANCE OF SECURITIES

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 273.308, LIMITATION ON ISSUANCE OF SECURITIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646924
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When the balance of the administrative account reaches the greater of $50 million or five percent of the balance of the primary account, the corporation shall stop issuing securities until the balance of the administrative account is less than $50 million or five percent of the balance of the primary account, as appropriate.