Sec. 122.202. CONVERSION OF STATE CREDIT UNION TO OUT-OF-STATE CREDIT UNION. A credit union organized under the laws of this state may convert to a credit union under the laws of another state:
(1) on an affirmative vote by a majority of the members voting at a meeting called for that purpose; and
(2) by complying with any applicable commission rule.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 122 - Organizational and Financial Requirements
Section 122.201. Conversion of State Credit Union to Federal Credit Union
Section 122.202. Conversion of State Credit Union to Out-of-State Credit Union
Section 122.203. Conversion of Federal or Out-of-State Credit Union to State Credit Union