Sec. 62.001. APPLICATION TO INCORPORATE. (a) Five or more residents of this state may apply to incorporate an association by submitting to the commissioner an application and the filing fee.
(b) An application must contain:
(1) two copies of the association's articles of incorporation identifying:
(A) the name of the association;
(B) the location of the principal office; and
(C) the names and addresses of the initial directors;
(2) two copies of the association's bylaws;
(3) data sufficiently detailed and comprehensive to enable the commissioner to make a determination under Section 62.007, including statements, exhibits, and maps;
(4) other information relating to the association and its operation that the finance commission by rule requires; and
(5) financial information about each applicant, incorporator, director, or shareholder that the finance commission by rule requires.
(c) Financial information described by Subsection (b)(5) is confidential and not subject to public disclosure unless the commissioner finds that public disclosure is necessary.
(d) The articles of incorporation and statements of fact shall be signed and sworn to.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 23, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Chapter 62 - Organizational and Financial Requirements
Subchapter A. Incorporation in General
Section 62.001. Application to Incorporate
Section 62.002. Additional Incorporation Requirements for Capital Stock Association
Section 62.003. Additional Incorporation Requirements for Mutual Association
Section 62.004. Approval of Managing Officer
Section 62.005. Corporate Name
Section 62.006. Hearing on Application to Incorporate
Section 62.007. Decision on Application to Incorporate; Issuance of Certificate of Incorporation
Section 62.008. Preference for Local Control
Section 62.009. Deadline for Commencing Business
Section 62.010. Amendment of Articles of Incorporation or Bylaws