Tex. Fin. Code § 62.305

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 62.305 - Effect of Approval of Application and Issuance of Charter

On the commissioner's approval of the application for conversion and the appropriate financial institution regulatory agency's issuance of a charter, the bank or savings bank:

(1) ceases to be an association incorporated under this subtitle; and

(2) is no longer subject to the supervision and control of the commissioner.

Tex. Fin. Code § 62.305

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.