Sec. 62.207. EFFECT OF ISSUANCE OF CHARTER

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On the issuance of a charter by the Office of Thrift Supervision, the association:
(1) ceases to be an association incorporated under this subtitle; and
(2) is no longer subject to the supervision and control of the commissioner.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

                    
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