Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle C. SAVINGS BANKS |
Chapter 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS |
Subchapter F. CONVERSION OF SAVINGS BANK TO OTHER FINANCIAL INSTITUTION |
Sec. 92.254. HEARING ON APPLICATION
Latest version.
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(a) A hearing set under Section 92.253(2) must be held not later than the 25th day after the date the application is filed unless a later date is agreed to by the applicant and the commissioner.
(b) The commissioner or a hearing officer designated by the commissioner shall conduct the hearing.
(c) The hearing shall be conducted as a contested case under Chapter 2001, Government Code, except that:
(1) a proposal for decision may not be made; and
(2) the commissioner shall render a final decision or order not later than the 15th day after the date the hearing is closed.
(d) Chapter 2001, Government Code, governs a motion for rehearing and the availability of judicial review if the commissioner denies the application to convert.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.