Texas Statutes
§ 62.051 — PURPOSE OF INCORPORATION.
Texas § 62.051
JurisdictionTexas
Code FIFinance Code
This text of Texas § 62.051 (PURPOSE OF INCORPORATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 62.051 (2026).
Text
Sec. 62.051. PURPOSE OF INCORPORATION. A person may apply to incorporate an association for the purpose of:
(1)purchasing the assets, assuming the liabilities, excluding liability to stockholders, and continuing the business of an association the commissioner considers to be in an unsafe condition; or
(2)acquiring an existing association by merger.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 62.001
APPLICATION TO INCORPORATE.§ 62.004
APPROVAL OF MANAGING OFFICER.§ 62.005
CORPORATE NAME.§ 62.008
PREFERENCE FOR LOCAL CONTROL.§ 62.011
CHANGE OF OFFICE OR NAME.§ 62.051
PURPOSE OF INCORPORATION.§ 62.052
INCORPORATION REQUIREMENTS.§ 62.101
ORGANIZATIONAL MEETING.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 62.051, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/62.051.