Texas Finance Code

§ 62.304 — FILING OF CHARTER OR CERTIFICATE

FI § 62.304Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. G. CONVERSION OF ASSOCIATION TO STATE OR NATIONAL BANK OR STATE OR FEDERAL SAVINGS BANK

Statute text

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(a)The bank or savings bank shall file with the commissioner:

(1)a copy of the charter issued to the bank or savings bank by the appropriate financial institution regulatory agency; or

(2)a certificate showing the organization of the bank or savings bank as a financial institution, certified by the secretary or assistant secretary of the appropriate financial institution regulatory agency.

(b)Failure to file the charter or certificate with the commissioner does not affect the validity of the conversion.

Legislative history

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