Texas Finance Code

§ 122.007 — APPEAL TO COMMISSION

FI § 122.007Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. A. INCORPORATION REQUIREMENTS

Statute text

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(a)The commission by rule shall provide for appeal of the commissioner's order by an incorporator or other aggrieved person.

(b)The commissioner's order may be appealed to the commission not later than the 60th day after the date of the order.

(c)After reviewing information or evidence the commission considers necessary or relevant, the commission by written order shall affirm or reverse the commissioner's decision.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.