Sec. 92.057. HEARING ON APPLICATION TO INCORPORATE. (a) On the filing of a complete application to incorporate, as defined by rules adopted by the finance commission, the commissioner shall:
(1) issue public notice of the application; and
(2) give any interested person an opportunity to appear, present evidence, and be heard for or against the application.
(b) A hearing officer designated by the commissioner shall hold the hearing.
(c) The hearing officer shall file with the commissioner a report on the hearing. The report must:
(1) specify findings of fact on each condition described by Section 92.058; and
(2) identify the evidence that forms the basis for those findings.
(d) A hearing is not required if:
(1) before the 11th day after the date the notice of application is published, no person has notified the commissioner in writing that the person intends to appear and present evidence at the hearing; and
(2) the commissioner finds that the application complies with all statutory requirements for approval.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 39, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 92 - Organizational and Financial Requirements
Subchapter B. Incorporation in General
Section 92.051. Application to Incorporate
Section 92.052. Additional Requirements for Capital Stock Savings Bank
Section 92.053. Additional Requirements for Mutual Savings Bank
Section 92.054. Minimum Initial Capital
Section 92.055. Approval of Managing Officer
Section 92.056. Corporate Name
Section 92.057. Hearing on Application to Incorporate
Section 92.058. Decision on Application to Incorporate; Issuance of Certificate of Incorporation
Section 92.059. Judicial Review
Section 92.060. Preference for Local Control
Section 92.061. Deadline for Commencing Business
Section 92.062. Amendment of Articles of Incorporation or Bylaws
Section 92.063. Change of Office or Name; Establishment of Additional Offices