Texas Finance Code

§ 122.202 — CONVERSION OF STATE CREDIT UNION TO OUT-OF-STATE CREDIT UNION

FI § 122.202Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. E. CONVERSION

Statute text

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A credit union organized under the laws of this state may convert to a credit union under the laws of another state:

(1)on an affirmative vote by a majority of the members voting at a meeting called for that purpose; and

(2)by complying with any applicable commission rule.

Legislative history

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