Sec. 122.203. CONVERSION OF FEDERAL OR OUT-OF-STATE CREDIT UNION TO STATE CREDIT UNION. A credit union organized under the laws of the United States or of another state may convert to a credit union organized under the laws of this state by complying with:
(1) the requirements of the jurisdiction under which the converting credit union is organized; and
(2) commission rules.
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