Tex. Fin. Code § 97.051 · Subchapter B. MUTUAL HOLDING COMPANIES
REORGANIZATION TO BECOME MUTUAL HOLDING COMPANY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Notwithstanding any other law, a savings bank may be reorganized as a mutual holding company by submitting to the commissioner an application for approval of reorganization.
(b) Before submission, an application for reorganization must be approved by a majority vote of the members or shareholders of the savings bank cast at an annual meeting or a special meeting called to consider the reorganization.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.21, 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.97.htm
- Text hash
- sha256 bfd74ae88c30a185a0c6817185fa65543904c115d12394971138a802210fa6ff
- 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.