Texas Finance Code

§ 122.203 — CONVERSION OF FEDERAL OR OUT-OF-STATE CREDIT UNION TO STATE CREDIT UNION

FI § 122.203Title 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 the United States or of another state may convert to a credit union organized under the laws of this state by complying with:

(1)the requirements of the jurisdiction under which the converting credit union is organized; and

(2)commission rules.

Legislative history

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