Texas § 92.303 REVIEW BY COMMISSIONER; APPROVAL.

Texas Statutes

§ 92.303 — REVIEW BY COMMISSIONER; APPROVAL.

Texas § 92.303

Code FIFinance Code

This text of Texas § 92.303 (REVIEW BY COMMISSIONER; APPROVAL.) 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. § 92.303 (2026).

Text

Sec. 92.303. REVIEW BY COMMISSIONER; APPROVAL.

(a)On receipt of the application, the commissioner shall conduct an examination of the financial institution seeking conversion.

(b)After the examination, the commissioner shall approve the conversion without a hearing if the commissioner determines that the converting financial institution is in sound condition and meets all requirements of Subchapter B and relevant rules of the finance commission.

(c)On approval of the conversion, the incorporators shall insert a paragraph preceding the testimonium clause in the certificate of incorporation stating that the savings bank is incorporated by conversion from another financial institution.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 92.303. REVIEW BY COMMISSIONER; APPROVAL. (a) On receipt of the application, the commissioner shall conduct an examination of the financial institution seeking conversion.
(b) After the examination, the commissioner shall approve the conversion without a hearing if the commissioner determines that the converting financial institution is in sound condition and meets all requirements of Subchapter B and relevant rules of the finance commission.
(c) On approval of the conversion, the incorporators shall insert a paragraph preceding the testimonium clause in the certificate of incorporation stating that the savings bank is incorporated by conversion from another financial institution.