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 L. CHANGE OF CONTROL OF ASSOCIATION |
Sec. 62.557. JUDICIAL REVIEW
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(a) An applicant may appeal the commissioner's denial of an application or the commissioner's order affirming the denial only after a final order is entered. The commissioner is defendant in the appeal.
(b) A party to the action may appeal the court's decision. The appeal is returnable to the appellate court at once and has precedence in that court over any cause of a different character pending in that court.
(c) The commissioner is not required to give an appeal bond in a cause arising under this subchapter.
(d) Filing an appeal under this section does not stay an order of the commissioner that is adverse to the applicant.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.