Tex. Finance Code § 92.559
UNAUTHORIZED CHANGE OF CONTROL
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 92.559, UNAUTHORIZED CHANGE OF CONTROL, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645658
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Full text
If it appears that a change in control may have occurred without prior approval, the commissioner may call a hearing to determine whether:
(1) a change in control has occurred or an unauthorized person without any apparent ownership interest in the savings bank, acting alone or with others, effectively has indirect controlling or dominating influence over the management or policies of the savings bank; and
(2) an appropriate supervisory order should be issued, including an order requiring divestiture of unapproved or indirect control.