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Texas Statutes (Last Updated: January 4, 2014) |
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FINANCE CODE |
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Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
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Subtitle C. SAVINGS BANKS |
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Chapter 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS |
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Subchapter B. INCORPORATION IN GENERAL |
Sec. 92.063. CHANGE OF OFFICE OR NAME; ESTABLISHMENT OF ADDITIONAL OFFICES
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(a) Only with the prior approval of the commissioner given in accordance with rules of the finance commission may a savings bank:
(1) establish an office other than the principal office stated in the savings bank's articles of incorporation;
(2) move an office from its immediate vicinity; or
(3) change the savings bank's name.
(b) The commissioner may permit a savings bank to establish additional offices in this state or another state in accordance with rules of the finance commission.
(c) On request, the commissioner shall give a person who might be affected by the establishment of additional offices or the change of office location or name an opportunity to be heard under Section 91.004.
(d) A savings bank may not establish or maintain a branch on the premises or property of an affiliate if the affiliate engages in commercial activities not permitted for a state savings bank or subsidiary of a state savings bank.