Texas Finance Code

§ 62.203 — REVIEW BY COMMISSIONER; APPROVAL

FI § 62.203Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. E. CONVERSION TO FEDERAL ASSOCIATION

Statute text

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Not later than the 10th day after the date an application to convert is received, the commissioner shall:

(1)consent in writing to the conversion; or

(2)set a hearing on whether the conversion complies with rules adopted under Section 62.201.

Legislative history

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