Tex. Finance Code § 62.253
REVIEW BY COMMISSIONER; APPROVAL
Texas · Texas Finance Code · Status: effective
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- Tex. Finance Code § 62.253, REVIEW BY COMMISSIONER; APPROVAL, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645349
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Full text
(a) On receipt of an application, the commissioner shall order an examination of the entity to be converted.
(b) If the commissioner finds the entity is in sound condition, the commissioner shall:
(1) approve the conversion; and
(2) insert in the certificate of incorporation, at the end of the paragraph preceding the testimonium clause, the statement "This association is incorporated by conversion from __________ (a federal savings and loan association, state bank, or national bank, as applicable)."