Texas Finance Code

§ 62.553 — APPLICATION FOR CHANGE OF CONTROL

FI § 62.553Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. L. CHANGE OF CONTROL OF ASSOCIATION

Statute text

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(a)Control of an association may be changed only if an application for approval of the change is filed with and approved by the commissioner.

(b)The application must be:

(1)on a form prescribed by the commissioner;

(2)sworn to; and

(3)accompanied by the appropriate filing fee.

(c)Unless the commissioner expressly waives a requirement of this subsection, the application must contain:

…

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 26, eff. Sept. 1, 2001.