Texas Statutes
Subtitle C - Savings Banks
Chapter 92 - Organizational and Financial Requirements

Section 92.058. Decision on Application to Incorporate; Issuance of Certificate of Incorporation - Sec. 92.058. DECISION ON APPLICATION TO INCORPORATE; ISSUANCE OF CERTIFICATE...

Section 92.059. Judicial Review - Sec. 92.059. JUDICIAL REVIEW. (a) An applicant may appeal a...

Section 92.060. Preference for Local Control - Sec. 92.060. PREFERENCE FOR LOCAL CONTROL. If more than one...

Section 92.061. Deadline for Commencing Business - Sec. 92.061. DEADLINE FOR COMMENCING BUSINESS. (a) A savings bank...

Section 92.062. Amendment of Articles of Incorporation or Bylaws - Sec. 92.062. AMENDMENT OF ARTICLES OF INCORPORATION OR BYLAWS. (a)...

Section 92.063. Change of Office or Name; Establishment of Additional Offices - Sec. 92.063. CHANGE OF OFFICE OR NAME; ESTABLISHMENT OF ADDITIONAL...

Subchapter C. Incorporation to Reorganize or Merge

Section 92.101. Purpose of Incorporation - Sec. 92.101. PURPOSE OF INCORPORATION. A person may apply to...

Section 92.102. Incorporation Requirements - Sec. 92.102. INCORPORATION REQUIREMENTS. (a) An application to incorporate a...

Section 92.103. Decision on Application; Issuance of Certificate of Incorporation - Sec. 92.103. DECISION ON APPLICATION; ISSUANCE OF CERTIFICATE OF INCORPORATION....

Subchapter D. Administration

Section 92.151. Organizational Meeting - Sec. 92.151. ORGANIZATIONAL MEETING. (a) Not later than the 30th...

Section 92.152. Board of Directors - Sec. 92.152. BOARD OF DIRECTORS. (a) A board of not...

Section 92.153. Qualification of Directors - Sec. 92.153. QUALIFICATION OF DIRECTORS. (a) A person is not...

Section 92.154. Officers - Sec. 92.154. OFFICERS. (a) The officers of a savings bank...

Section 92.155. Conflicts of Interest - Sec. 92.155. CONFLICTS OF INTEREST. (a) Except as the finance...

Section 92.156. Financial Institution Bond - Sec. 92.156. FINANCIAL INSTITUTION BOND. (a) A savings bank shall...

Section 92.157. Meetings of Members or Shareholders - Sec. 92.157. MEETINGS OF MEMBERS OR SHAREHOLDERS. (a) The members...

Section 92.158. Voting Rights - Sec. 92.158. VOTING RIGHTS. (a) The voting rights of a...

Subchapter E. Operations and Finances

Section 92.201. Books and Records - Sec. 92.201. BOOKS AND RECORDS. A savings bank shall maintain...

Section 92.203. Regulatory Capital - Sec. 92.203. REGULATORY CAPITAL. A savings bank shall maintain regulatory...

Section 92.204. Qualified Thrift Lender Test - Sec. 92.204. QUALIFIED THRIFT LENDER TEST. (a) A savings bank...

Section 92.205. Computation of Income - Sec. 92.205. COMPUTATION OF INCOME. (a) A savings bank shall...

Section 92.206. Insurance of Deposit Accounts - Sec. 92.206. INSURANCE OF DEPOSIT ACCOUNTS. A savings bank shall...

Section 92.207. Limitation on Issuance of Securities - Sec. 92.207. LIMITATION ON ISSUANCE OF SECURITIES. A savings bank...

Section 92.208. Common Stock - Sec. 92.208. COMMON STOCK. (a) A savings bank may not...

Section 92.209. Preferred Stock - Sec. 92.209. PREFERRED STOCK. (a) A savings bank may not...

Section 92.210. Series and Classes of Preferred Stock - Sec. 92.210. SERIES AND CLASSES OF PREFERRED STOCK. (a) The...

Section 92.211. Dividends on Capital Stock - Sec. 92.211. DIVIDENDS ON CAPITAL STOCK. (a) The board of...

Section 92.212. Use of Surplus Accounts and Expense Fund Contributions - Sec. 92.212. USE OF SURPLUS ACCOUNTS AND EXPENSE FUND CONTRIBUTIONS....

Section 92.213. Use of Expense Fund Contributions - Sec. 92.213. USE OF EXPENSE FUND CONTRIBUTIONS. (a) The expense...

Subchapter F. Conversion of Savings Bank to Other Financial Institution

Section 92.251. Conditions for Conversion - Sec. 92.251. CONDITIONS FOR CONVERSION. (a) The finance commission by...

Section 92.252. Application for Conversion - Sec. 92.252. APPLICATION FOR CONVERSION. (a) A savings bank may...

Section 92.253. Action by Commissioner on Application - Sec. 92.253. ACTION BY COMMISSIONER ON APPLICATION. Not later than...

Section 92.254. Hearing on Application - Sec. 92.254. HEARING ON APPLICATION. (a) A hearing set under...

Section 92.255. Consummation of Conversion - Sec. 92.255. CONSUMMATION OF CONVERSION. Within three months after the...

Section 92.256. Filing of Charter or Certificate - Sec. 92.256. FILING OF CHARTER OR CERTIFICATE. (a) The new...

Section 92.257. Effect of Issuance of Charter - Sec. 92.257. EFFECT OF ISSUANCE OF CHARTER. On the issuance...

Section 92.258. Continuation of Corporate Existence - Sec. 92.258. CONTINUATION OF CORPORATE EXISTENCE. After a savings bank...

Section 92.259. Property and Obligations of Converted Savings Bank - Sec. 92.259. PROPERTY AND OBLIGATIONS OF CONVERTED SAVINGS BANK. The...

Subchapter G. Conversion of Other Financial Institution to Savings Bank

Section 92.301. Application to Convert - Sec. 92.301. APPLICATION TO CONVERT. (a) Another financial institution may...

Section 92.302. Election of Directors; Execution and Acknowledgment of Application and Bylaws - Sec. 92.302. ELECTION OF DIRECTORS; EXECUTION AND ACKNOWLEDGMENT OF APPLICATION...

Section 92.303. Review by Commissioner; Approval - Sec. 92.303. REVIEW BY COMMISSIONER; APPROVAL. (a) On receipt of...

Section 92.304. Hearing on Denial; Appeal - Sec. 92.304. HEARING ON DENIAL; APPEAL. (a) An applicant is...

Section 92.305. Continuation of Corporate Existence - Sec. 92.305. CONTINUATION OF CORPORATE EXISTENCE. After another financial institution...

Section 92.306. Property and Obligations of Converted Institution - Sec. 92.306. PROPERTY AND OBLIGATIONS OF CONVERTED INSTITUTION. (a) The...

Section 92.307. Effect of Conversion on Pending Legal Action - Sec. 92.307. EFFECT OF CONVERSION ON PENDING LEGAL ACTION. (a)...

Section 92.308. Local Filing of Conversion Order Required - Sec. 92.308. LOCAL FILING OF CONVERSION ORDER REQUIRED. The savings...

Subchapter H. Reorganization, Merger, and Consolidation in General

Section 92.351. Authority to Reorganize, Merge, or Consolidate - Sec. 92.351. AUTHORITY TO REORGANIZE, MERGE, OR CONSOLIDATE. (a) A...

Section 92.352. Notice and Hearing; Confidentiality - Sec. 92.352. NOTICE AND HEARING; CONFIDENTIALITY. (a) On receiving a...

Section 92.353. Denial by Commissioner of Plan - Sec. 92.353. DENIAL BY COMMISSIONER OF PLAN. The commissioner shall...

Section 92.354. Alternative or Additional Procedures - Sec. 92.354. ALTERNATIVE OR ADDITIONAL PROCEDURES. If the surviving financial...

Section 92.355. Continuation of Corporate Existence; Home Office of Surviving Entity - Sec. 92.355. CONTINUATION OF CORPORATE EXISTENCE; HOME OFFICE OF SURVIVING...

Subchapter I. Additional Provisions for Merger or Consolidation of Foreign and Domestic Savings Banks

Section 92.401. Applicability of Subchapter - Sec. 92.401. APPLICABILITY OF SUBCHAPTER. (a) Except as provided by...

Section 92.402. Adoption of Merger or Consolidation Plan - Sec. 92.402. ADOPTION OF MERGER OR CONSOLIDATION PLAN. The board...

Section 92.403. Notice and Hearing; Confidentiality - Sec. 92.403. NOTICE AND HEARING; CONFIDENTIALITY. If the commissioner considers...

Section 92.404. Denial by Commissioner of Application - Sec. 92.404. DENIAL BY COMMISSIONER OF APPLICATION. If the surviving...

Section 92.405. Approval by Commissioner of Plan - Sec. 92.405. APPROVAL BY COMMISSIONER OF PLAN. (a) If the...

Section 92.406. Enforcement of Condition, Restriction, or Requirement on Surviving Foreign Savings Bank - Sec. 92.406. ENFORCEMENT OF CONDITION, RESTRICTION, OR REQUIREMENT ON SURVIVING...

Section 92.407. Merger of Foreign Savings and Loan Association - Sec. 92.407. MERGER OF FOREIGN SAVINGS AND LOAN ASSOCIATION. (a)...

Subchapter J. Merger of Subsidiary Corporation

Section 92.451. Authority to Merge - Sec. 92.451. AUTHORITY TO MERGE. One or more corporations organized...

Section 92.452. Articles of Merger - Sec. 92.452. ARTICLES OF MERGER. (a) The articles of merger...

Section 92.453. Approval of Merger - Sec. 92.453. APPROVAL OF MERGER. (a) The secretary of state...

Section 92.454. Effect of Merger - Sec. 92.454. EFFECT OF MERGER. (a) A merger takes effect...

Section 92.455. Inapplicability of Subchapter H - Sec. 92.455. INAPPLICABILITY OF SUBCHAPTER H. Subchapter H does not...

Subchapter K. Voluntary Liquidation

Section 92.501. Resolution to Liquidate and Dissolve - Sec. 92.501. RESOLUTION TO LIQUIDATE AND DISSOLVE. (a) A savings...

Section 92.502. Distribution of Assets - Sec. 92.502. DISTRIBUTION OF ASSETS. (a) The board, under the...

Section 92.503. Final Report and Accounting - Sec. 92.503. FINAL REPORT AND ACCOUNTING. (a) On completion of...

Subchapter L. Change of Control of Savings Bank

Section 92.551. Inapplicability of Subchapter - Sec. 92.551. INAPPLICABILITY OF SUBCHAPTER. This subchapter does not apply...

Section 92.552. Effect of Subchapter on Other Law - Sec. 92.552. EFFECT OF SUBCHAPTER ON OTHER LAW. This subchapter...

Section 92.553. Application for Change of Control - Sec. 92.553. APPLICATION FOR CHANGE OF CONTROL. (a) Control of...

Section 92.554. Notice of Application - Sec. 92.554. NOTICE OF APPLICATION. (a) On receipt of an...

Section 92.555. Confidentiality - Sec. 92.555. CONFIDENTIALITY. (a) Except as provided by this section,...

Section 92.556. Denial of Application - Sec. 92.556. DENIAL OF APPLICATION. (a) The commissioner by order...

Section 92.557. Notice of Intent to Deny; Hearing - Sec. 92.557. NOTICE OF INTENT TO DENY; HEARING. (a) Not...

Section 92.558. Judicial Review - Sec. 92.558. JUDICIAL REVIEW. (a) An applicant may appeal a...

Section 92.559. Unauthorized Change of Control - Sec. 92.559. UNAUTHORIZED CHANGE OF CONTROL. If it appears that...

Section 92.560. Injunction - Sec. 92.560. INJUNCTION. (a) The attorney general on behalf of...

Section 92.561. Criminal Penalty - Sec. 92.561. CRIMINAL PENALTY. (a) A person commits an offense...

Subchapter M. Limited Savings Bank

Section 92.601. Application to Organize - Sec. 92.601. APPLICATION TO ORGANIZE. (a) Five or more adult...

Section 92.602. Liability of Members and Managers - Sec. 92.602. LIABILITY OF MEMBERS AND MANAGERS. A member, transferee...

Section 92.603. Contributions - Sec. 92.603. CONTRIBUTIONS. A member of a limited savings bank...

Section 92.604. Managers of Limited Savings Bank - Sec. 92.604. MANAGERS OF LIMITED SAVINGS BANK. (a) Management of...

Section 92.605. Withdrawal or Reduction of Member's Contribution - Sec. 92.605. WITHDRAWAL OR REDUCTION OF MEMBER'S CONTRIBUTION. (a) A...

Section 92.606. Company Agreement of Limited Savings Bank - Sec. 92.606. COMPANY AGREEMENT OF LIMITED SAVINGS BANK. (a) A...

Section 92.607. Dissolution - Sec. 92.607. DISSOLUTION. (a) A limited savings bank organized under...

Section 92.608. Allocation of Profits and Losses - Sec. 92.608. ALLOCATION OF PROFITS AND LOSSES. The profits and...

Section 92.609. Distributions - Sec. 92.609. DISTRIBUTIONS. Subject to rules adopted by the finance...

Section 92.610. Amendment of Governing Documents - Sec. 92.610. AMENDMENT OF GOVERNING DOCUMENTS. (a) A limited savings...

Section 92.611. Application of Other Provisions to Limited Savings Banks; Miscellaneous Provisions - Sec. 92.611. APPLICATION OF OTHER PROVISIONS TO LIMITED SAVINGS BANKS;...

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Texas Statutes Subtitle C - Savings Banks Chapter 92 - Organizational and Financial Requirements

Texas Statutes
Subtitle C - Savings Banks
Chapter 92 - Organizational and Financial Requirements