Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle B. SAVINGS AND LOAN ASSOCIATIONS |
Chapter 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS |
Subchapter G. CONVERSION OF ASSOCIATION TO STATE OR NATIONAL BANK OR STATE OR FEDERAL SAVINGS BANK |
Sec. 62.304. FILING OF CHARTER OR CERTIFICATE
Latest version.
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(a) The bank or savings bank shall file with the commissioner:
(1) a copy of the charter issued to the bank or savings bank by the appropriate financial institution regulatory agency; or
(2) a certificate showing the organization of the bank or savings bank as a financial institution, certified by the secretary or assistant secretary of the appropriate financial institution regulatory agency.
(b) Failure to file the charter or certificate with the commissioner does not affect the validity of the conversion.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.