Sec. 33.211. APPLICATION OF OTHER PROVISIONS TO LIMITED BANKING ASSOCIATIONS. For purposes of the provisions of Subtitle A and this subtitle other than this subchapter, as the context requires: (1) a manager is considered to be a director and the board of managers is considered to be the board of directors; (2) a participant is considered to be a shareholder; (3) a participation share is considered to be a share; and (4) a distribution is considered to be a dividend.
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