Texas Finance Code § 92.251 Conditions For Conversion

Sec. 92.251. CONDITIONS FOR CONVERSION. (a) The finance commission by rule shall establish the conditions under which a savings bank may convert to another financial institution.

(b) The rules must ensure that a conversion does not cause undue harm to the public interest or to another existing financial institution.

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

Section: Previous  92.207  92.208  92.209  92.210  92.211  92.212  92.213  92.251  92.252  92.253  92.254  92.255  92.256  92.257  92.258  Next

Last modified: September 28, 2016