SECTION 75.325. Subsidiary Investment and Debt Limitation

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Investment in subsidiaries is deemed to include investment in the subsidiary's capital stock, paid-in capital, subordinated debentures, unsecured loans, advances, contingencies, and other obligations (excluding secured conforming loans), and may not, in the aggregate, exceed 10% of the savings bank's total assets without prior approval.

Source Note: The provisions of this §75.325 adopted to be effective November 20, 2022, 47 TexReg 7535

                    
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