SECTION 75.234. Joint Issuance of Capital Obligations

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Joint Issuance of Capital Obligations. On the same terms and conditions as stated in §75.171 of this title (relating to Capital Notes and Debentures), a savings bank may, by resolution of its board and with prior approval of the Commissioner, join other savings banks in the joint issuance of capital notes, debentures, bonds, or other secured or unsecured capital obligations.

Source Note: The provisions of this §75.234 adopted to be effective November 20, 2022, 47 TexReg 7535

                    
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