Texas Finance Code

§ 201.002 — DEFINITIONS

FI § 201.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part G. BANK HOLDING COMPANIES; INTERSTATE BANK OPERATIONS · Ch. 201. GENERAL PROVISIONS · Art. A. GENERAL PROVISIONS

Statute text

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(a)Unless the context requires otherwise, in this subtitle:

(1)"Acquire" means an act that results in direct or indirect control by a company of a bank holding company or a bank, including an act that causes:

(A)the company to merge with a bank holding company or a bank;

(B)the company to assume direct or indirect ownership or control of:

(i)more than 25 percent of any class of voting shares of a bank holding company or a bank, if the acquiring company was not a bank holding company before the acquisition;

(ii)more than five percent of any class of voting shares of a bank holding company or a bank, if the acquiring company was a bank holding company before the acquisition; or

…

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.058, eff. September 1, 2007. Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 19, eff. June 14, 2013.