Tex. Finance Code § 62.052
INCORPORATION REQUIREMENTS
Texas · Texas Finance Code · Status: effective
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- Tex. Finance Code § 62.052, INCORPORATION REQUIREMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645316
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Full text
(a) An application to incorporate an association under this subchapter must be submitted to the commissioner.
(b) The application must include information required by rule of the finance commission.
(c) The association must have capital in an amount set by the commissioner that is sufficient to carry out the purposes for which incorporation is requested.
(d) If the commissioner considers the association to be reorganized or merged to be in an unsafe condition:
(1) Chapter 2001, Government Code, does not apply to the application; and
(2) the application and all information relating to the application are confidential and not subject to public disclosure.