Texas Finance Code

§ 64.082 — DESIGNATION OF LOCAL SERVICE AREA

FI § 64.082Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 64. LOANS AND INVESTMENTS · Art. E. INVESTMENT IN LOCAL SERVICE AREA

Statute text

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(a)The commissioner shall designate an association's local service area at the time of the association's incorporation.

(b)Unless the commissioner and the association otherwise agree, an association may rely on the designation of the local service area for the duration of corporate existence as an association.

Legislative history

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