Texas § 92.101 PURPOSE OF INCORPORATION.

Texas Statutes

§ 92.101 — PURPOSE OF INCORPORATION.

Texas § 92.101

Code FIFinance Code

This text of Texas § 92.101 (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. § 92.101 (2026).

Text

Sec. 92.101. PURPOSE OF INCORPORATION. A person may apply to incorporate a savings bank for the purpose of:

(1)purchasing the assets, assuming the liabilities other than liability to shareholders, and continuing the business of a financial institution the commissioner considers to be in an unsafe condition;

(2)acquiring an existing financial institution by merger; or

(3)facilitating a reorganization or merger with or into a savings bank under rules adopted by the finance commission.

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Sec. 92.101. PURPOSE OF INCORPORATION. A person may apply to incorporate a savings bank for the purpose of:
(1) purchasing the assets, assuming the liabilities other than liability to shareholders, and continuing the business of a financial institution the commissioner considers to be in an unsafe condition;
(2) acquiring an existing financial institution by merger; or
(3) facilitating a reorganization or merger with or into a savings bank under rules adopted by the finance commission.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955 ), Sec. 5.04, eff. September 1, 2005.