Tex. Fin. Code § 62.052 · Subchapter B. INCORPORATION TO REORGANIZE OR MERGE
INCORPORATION REQUIREMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An application to incorporate an association under this subchapter must be submitted to the commissioner.
(b) The application must include information required by rule of the finance commission.
(c) The association must have capital in an amount set by the commissioner that is sufficient to carry out the purposes for which incorporation is requested.
(d) If the commissioner considers the association to be reorganized or merged to be in an unsafe condition:
(1) Chapter 2001, Government Code, does not apply to the application; and
(2) the application and all information relating to the application are confidential and not subject to public disclosure.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 24, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm
- Text hash
- sha256 64f9488b95bbe808c93241ab4c1651c9bac1c8efb0bed0eb95a46a229d3a1f13
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.