Texas Finance Code

§ 62.353 — NOTICE AND HEARING; CONFIDENTIALITY

FI § 62.353Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. H. REORGANIZATION, MERGER, AND CONSOLIDATION

Statute text

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(a)On presentation of a plan of reorganization, merger, or consolidation, the commissioner shall give:

(1)public notice of the reorganization, merger, or consolidation in each county in which an association participating in the plan has an office; and

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

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

(c)If a protest is not received on or before the date of the hearing, the commissioner or hearing officer may waive the hearing.

(d)Except as provided by Subsection (e), the provisions of Chapter 2001, Government Code, applicable to a contested case apply to the hearing.

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Legislative history

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