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. 122.203. CONVERSION OF FEDERAL OR OUT-OF-STATE CREDIT UNION TO STATE CREDIT UNION
Latest version.
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A credit union organized under the laws of the United States or of another state may convert to a credit union organized under the laws of this state by complying with:
(1) the requirements of the jurisdiction under which the converting credit union is organized; and
(2) commission rules.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.