Texas Finance Code

§ 92.601 — APPLICATION TO ORGANIZE

FI § 92.601Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. M. LIMITED SAVINGS BANK

Statute text

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(a)Five or more adult residents of this state may apply to organize a savings bank as a limited savings bank by submitting to the commissioner:

(1)an application to organize a limited savings bank that is:

(A)in a form specified by the commissioner; and

(B)signed by each organizer; and

(2)the filing fee.

(b)An application must contain:

…

Legislative history

Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.15, eff. September 1, 2005.