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Tex. Finance Code § 62.305

EFFECT OF APPROVAL OF APPLICATION AND ISSUANCE OF CHARTER

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 62.305, EFFECT OF APPROVAL OF APPLICATION AND ISSUANCE OF CHARTER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645356
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On the commissioner's approval of the application for conversion and the appropriate financial institution regulatory agency's issuance of a charter, the bank or savings bank: (1) ceases to be an association incorporated under this subtitle; and (2) is no longer subject to the supervision and control of the commissioner.