Sec. 92.607. DISSOLUTION

Latest version.

(a) A limited savings bank organized under this subchapter is dissolved on:
(1) the expiration of the period fixed for the duration of the limited savings bank; or
(2) the occurrence of events specified in the certificate of formation or company agreement to cause dissolution.
(b) A dissolution under this section is considered a resolution to close the savings bank under Section 96.251.

Added by Acts 2005, 79th Leg., Ch. 1018 , Sec. 5.15, eff. September 1, 2005.

                    
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