Tex. Fin. Code § 92.101 · Subchapter C. INCORPORATION TO REORGANIZE OR MERGE
PURPOSE OF INCORPORATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A person may apply to incorporate a savings bank for the purpose of:
(1) purchasing the assets, assuming the liabilities other than liability to shareholders, and continuing the business of a financial institution the commissioner considers to be in an unsafe condition;
(2) acquiring an existing financial institution by merger; or
(3) facilitating a reorganization or merger with or into a savings bank under rules adopted by the finance commission.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.04, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm
- Text hash
- sha256 0510f2632696ad098db0a7a895f79b4b21e76b31f4ff4213a1c7a6016b49c089
- 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
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.