Texas Finance Code

§ 62.006 — HEARING ON APPLICATION TO INCORPORATE

FI § 62.006Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. A. INCORPORATION IN GENERAL

Statute text

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(a)On the filing of a complete application to incorporate, the commissioner shall:

(1)issue public notice of the application; and

(2)give any interested person an opportunity to appear, present evidence, and be heard for or against the application.

(b)A hearing officer designated by the commissioner shall preside over the hearing.

(c)The hearing officer shall file with the commissioner a report on the hearing. The report must:

(1)specify findings of fact on each condition described by Section 62.007(a); and

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Legislative history

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