Texas Finance Code

§ 92.256 — FILING OF CHARTER OR CERTIFICATE

FI § 92.256Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. F. CONVERSION OF SAVINGS BANK TO OTHER FINANCIAL INSTITUTION

Statute text

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(a)The new financial institution shall file with the commissioner:

(1)a copy of the charter issued to the new financial institution by the appropriate banking agency; or

(2)the certificate showing the organization of the new financial institution, certified by the secretary or assistant secretary of the appropriate banking 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.