Texas § 92.061 DEADLINE FOR COMMENCING BUSINESS.

Texas Statutes

§ 92.061 — DEADLINE FOR COMMENCING BUSINESS.

Texas § 92.061

Code FIFinance Code

This text of Texas § 92.061 (DEADLINE FOR COMMENCING BUSINESS.) 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. § 92.061 (2026).

Text

Sec. 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.

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Sec. 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.