Sec. 62.004. APPROVAL OF MANAGING OFFICER. (a) An association may not begin business before:
(1) it presents to the commissioner the name and qualifications of its managing officer; and
(2) the commissioner approves the managing officer.
(b) An applicant is not required at a hearing on the application to specify in the public record the name or qualifications of the managing officer of the association.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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