Sec. 62.205. CONSUMMATION OF CONVERSION. Within three months after the date the commissioner consents to the conversion of an association, the association shall take the action necessary under federal law to convert the association to a federal 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 E. Conversion to Federal Association
Section 62.201. Conditions for Conversion
Section 62.202. Application to Convert
Section 62.203. Review by Commissioner; Approval
Section 62.204. Hearing on Application
Section 62.205. Consummation of Conversion
Section 62.206. Filing of Charter or Certificate
Section 62.207. Effect of Issuance of Charter
Section 62.208. Continuation of Corporate Existence
Section 62.209. Property and Obligations of Converted Association