Texas Finance Code - Section 92.051. Application To Incorporate
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Texas Lawyer > Finance Code > Texas Finance Code - Section 92.051. Application To Incorporate
§ 92.051. APPLICATION TO INCORPORATE. (a) Five or more
adult residents of this state may apply to incorporate a savings
bank by submitting to the commissioner:
(1) an application to incorporate a savings bank that
is:
(A) in a form specified by the commissioner; and
(B) signed by each incorporator; and
(2) the filing fee.
(b) An application must contain:
(1) two copies of the savings bank's articles of
incorporation identifying:
(A) the name of the savings bank;
(B) the location of the principal office; and
(C) the names and addresses of the initial
directors;
(2) two copies of the savings bank's bylaws;
(3) data sufficiently detailed and comprehensive to
enable the commissioner to make findings under Section 92.058,
including statements, exhibits, and maps;
(4) other information relating to the savings bank and
its operation that the finance commission by rule requires; and
(5) financial information about each applicant,
incorporator, director, officer, or shareholder that the finance
commission by rule requires.
(c) Financial information described by Subsection (b) is
confidential and not subject to public disclosure unless the
commissioner finds that disclosure is necessary and in the public
interest.
(d) The articles of incorporation and statements of fact
must be signed and sworn to.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. Amended
by Acts 2001, 77th Leg., ch. 867, § 35, eff. Sept. 1, 2001.
Section: 91.002 91.003 91.004 91.005 91.006 91.007 92.001 92.051 92.052 92.053 92.054 92.055 92.056 92.057 92.058
Last modified: August 10, 2007
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