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Tex. Finance Code § 92.101

PURPOSE OF INCORPORATION

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 92.101, PURPOSE OF INCORPORATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645581
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A person may apply to incorporate a savings bank for the purpose of: (1) purchasing the assets, assuming the liabilities other than liability to shareholders, and continuing the business of a financial institution the commissioner considers to be in an unsafe condition; (2) acquiring an existing financial institution by merger; or (3) facilitating a reorganization or merger with or into a savings bank under rules adopted by the finance commission.