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Tex. Finance Code § 62.051

PURPOSE OF INCORPORATION

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 62.051, PURPOSE OF INCORPORATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645315
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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.