Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle D. CREDIT UNIONS |
Chapter 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS |
Subchapter E. CONVERSION |
Sec. 122.202. CONVERSION OF STATE CREDIT UNION TO OUT-OF-STATE CREDIT UNION
Latest version.
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A credit union organized under the laws of this state may convert to a credit union under the laws of another state:
(1) on an affirmative vote by a majority of the members voting at a meeting called for that purpose; and
(2) by complying with any applicable commission rule.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.