Sec. 829.108. FILING OF MINUTES, ARTICLES OF INCORPORATION, AND BYLAWS; EFFECTIVE DATE OF CONVERSION. (a) The converting exchange shall file with the commissioner:
(1) the minutes of the meeting at which the plan was approved; and
(2) the articles of incorporation and bylaws of the resulting company and the mutual holding company.
(b) The converting exchange shall make the filing required by Subsection (a) not later than the 30th day after the later of:
(1) the date on which the eligible members approve the conversion plan; or
(2) the date on which the commissioner approves the conversion plan.
(c) The conversion plan approved by the commissioner takes effect on the date specified in the articles of incorporation of the resulting company and the mutual holding company.
Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056), Sec. 1, eff. June 15, 2007.
SUBCHAPTER D. EFFECT OF PLAN; RIGHTS OF MEMBERS
Last modified: September 28, 2016