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 K. VOLUNTARY LIQUIDATION |
Sec. 62.503. FINAL REPORT AND ACCOUNTING
Latest version.
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(a) On completion of the liquidation, the board shall file with the commissioner a final report and accounting of the liquidation.
(b) The commissioner's approval of the report is a complete and final discharge of the board and each member in connection with the liquidation of the association.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.