Texas Finance Code - Section 92.061. Deadline For Commencing Business
Legal Research Home >
Texas Lawyer > Finance Code > Texas Finance Code - Section 92.061. Deadline For Commencing Business
§ 92.061. DEADLINE FOR COMMENCING BUSINESS. (a) A
savings bank shall begin business not later than the first
anniversary of the date the commissioner approves the savings
bank's application.
(b) On the request of the incorporators and for good cause
shown, the commissioner may grant a reasonable extension of the
deadline prescribed by Subsection (a).
(c) The commissioner may rescind the authority to operate of
a savings bank that does not begin business as required by this
subtitle.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 92.054 92.055 92.056 92.057 92.058 92.059 92.060 92.061 92.062 92.063 92.101 92.102 92.103 92.151 92.152
Last modified: August 10, 2007
|
