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Texas Finance Code - Section 92.257. Effect Of Issuance Of Charter

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 92.257. Effect Of Issuance Of Charter

§ 92.257. EFFECT OF ISSUANCE OF CHARTER.  On the issuance 
of a charter by the appropriate banking agency, the savings bank:
		(1)  ceases to be a savings bank incorporated under 
this subtitle;  and     
		(2)  is not subject to the supervision and control of 
the commissioner under this subtitle.

Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.                   

Last modified: August 10, 2007