Tex. Fin. Code § 62.353 · Subchapter H. REORGANIZATION, MERGER, AND CONSOLIDATION
NOTICE AND HEARING; CONFIDENTIALITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On presentation of a plan of reorganization, merger, or consolidation, the commissioner shall give:
(1) public notice of the reorganization, merger, or consolidation in each county in which an association participating in the plan has an office; and
(2) any interested person an opportunity to appear, present evidence, and be heard for or against the plan.
(b) A hearing officer designated by the commissioner shall preside over the hearing.
(c) If a protest is not received on or before the date of the hearing, the commissioner or hearing officer may waive the hearing.
(d) Except as provided by Subsection (e), the provisions of Chapter 2001, Government Code, applicable to a contested case apply to the hearing.
(e) If the commissioner designates a merger as a supervisory merger under rules adopted by the finance commission:
(1) the notice and hearing provisions of Chapter 2001, Government Code, and of this section do 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.
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 ee52664e1a650baca6e9607e2e593d774c42896c16ed1c18f22f12e90a97a2b5
- 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
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