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. 92.256. FILING OF CHARTER OR CERTIFICATE
Latest version.
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(a) The new financial institution shall file with the commissioner:
(1) a copy of the charter issued to the new financial institution by the appropriate banking agency; or
(2) the certificate showing the organization of the new financial institution, certified by the secretary or assistant secretary of the appropriate banking 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.