Tex. Fin. Code § 92.102 · Subchapter C. INCORPORATION TO REORGANIZE OR MERGE
INCORPORATION REQUIREMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An application to incorporate a savings bank under this subchapter must be submitted to the commissioner.
(b) The application must include information required by the commissioner or by rule of the finance commission.
(c) The savings bank must have capital in an amount determined by the commissioner to be sufficient to carry out the purposes for which incorporation is requested.
(d) Chapter 2001, Government Code, does not apply to the application if:
(1) the commissioner considers the financial institution to be reorganized or merged to be in an unsafe condition; or
(2) the savings bank incorporated under this subchapter does not survive the merger or is facilitating the continuation of an existing savings bank corporate reorganization as defined by rules adopted by the finance commission.
(e) If the commissioner considers the financial institution to be reorganized or merged to be in an unsafe condition, 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. 41, eff. Sept. 1, 2001.
Amended by:
Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.05, 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 7d8ab46c3e5e233c8a2b479baa64b72393ec24061e4f4987b58ac834c131e205
- 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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