Texas Finance Code - Section 202.002. Limitation On Control Of Deposits
Legal Research Home >
Texas Laws > Finance Code > Texas Finance Code - Section 202.002. Limitation On Control Of Deposits
§ 202.002. LIMITATION ON CONTROL OF DEPOSITS. (a) The
commissioner may not approve an acquisition if, on consummation of
the transaction, the applicant, including all depository
institution affiliates of the applicant, would control 20 percent
or more of the total amount of deposits in this state held by
depository institutions in this state.
(b) The commissioner may request and the applicant shall
provide supplemental information to the commissioner to aid in a
determination under this section, including information that is
more current than or in addition to information in the most recently
available summary of deposits, reports of condition, or similar
reports filed with or produced by state or federal authorities.
Added by Acts 1999, 76th Leg., ch. 344, § 1.001, eff. Sept. 1,
1999.
Section: 201.009 201.010 201.011 201.101 201.102 201.103 202.001 202.002 202.003 202.004 202.005 202.006 203.001 203.002 203.003
Last modified: August 11, 2007
|
