Texas Finance Code

§ 33.002 — APPLICATION REGARDING ACQUISITION OF CONTROL

FI § 33.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 33. OWNERSHIP AND MANAGEMENT OF STATE BANK · Art. A. TRANSFER OF OWNERSHIP INTEREST

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(a)The proposed transferee in an acquisition of control of a state bank or of a person that controls a state bank must file an application for approval of the acquisition. The application must:

(1)be under oath and in a form prescribed by the banking commissioner;

(2)contain all information that:

(A)is required by rules adopted under this subtitle; or

(B)the banking commissioner requires in a particular application as necessary to an informed decision to approve or reject the proposed acquisition; and

(3)be accompanied by any filing fee required by law. (a-1) The banking commissioner shall promptly notify the applicant of the date the banking commissioner determines the application to be informationally complete and accepted for filing.

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 735 (H.B. 2754), Sec. 8, eff. September 1, 2007. Acts 2017, 85th Leg., R.S., Ch. 915 (S.B. 1400), Sec. 1, eff. September 1, 2017.