Sec. 92.406. ENFORCEMENT OF CONDITION, RESTRICTION, OR REQUIREMENT ON SURVIVING FOREIGN SAVINGS BANK. If the surviving savings bank is a foreign savings bank, the commissioner may enforce a condition, restriction, or requirement on the surviving savings bank that could have been enforced by the state in which the foreign savings bank has its principal place of business if the merger or consolidation had occurred in that state and the surviving savings bank were a domestic savings bank.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 92 - Organizational and Financial Requirements
Section 92.401. Applicability of Subchapter
Section 92.402. Adoption of Merger or Consolidation Plan
Section 92.403. Notice and Hearing; Confidentiality
Section 92.404. Denial by Commissioner of Application
Section 92.405. Approval by Commissioner of Plan
Section 92.407. Merger of Foreign Savings and Loan Association